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:

Human Faces

The front part of the head, including the eyes, nose, mouth, forehead, cheeks, and chin, unique to each individual.

Vision

The ability to interpret the surrounding environment using light in the visible spectrum reflected by the objects in the environment.

Opponent Process Theory

A psychological and neurological model that explains how the perception of colors is controlled by the operation of opposing neural systems.

Trichromatic

Describes the feature of having three colors, in psychology, it specifically refers to the trichromatic theory of color vision.