The Most Important Reason to Understand What Segments & Niches

question 6

Multiple Choice

The most important reason to understand what segments & niches of your industry are the subject of venture activity is:

• A) It greatly increases the chances of you raising money if needed
• B) It can give you an insight into what other companies are doing
• C) You can recognize customer trends and desires
• D) You can find competition you previously didn't know of

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Definitions:

Planning Budget

A financial plan that estimates the revenue and expenses for a specific period in the future.

Births

The occurrence of being born; the start of life as a physically separate being.

Revenue Variance

A financial metric that measures the difference between actual and budgeted revenue.

Containers Refurbished

The process of cleaning, repairing, and potentially updating used containers for reuse.