The first step in identifying potential markets is to assess the basic demand for a product.

Name: The first step in identifying potential markets is to assess the basic demand for a product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Before identifying potential markets, it is important to determine if there is a basic demand or need for the product. This helps in ensuring that there is a target audience who would be interested in purchasing the product, which is essential for successfully entering a market.

The First Step in Identifying Potential Markets Is to Assess