To prepare the market analysis section of a marketing plan, an entrepreneur needs a proper understanding of the term
A) strategy.
B) product.
C) consumer.
D) market.

Question

Quizplus · Accepted Answer

In order to prepare a market analysis section, the entrepreneur needs to have a proper understanding of the market, including its size, potential for growth, competition, and target audience. Understanding the market will help the entrepreneur develop effective marketing strategies and determine the most appropriate products to offer to the target market. Therefore, the correct answer is D, market.

To Prepare the Market Analysis Section of a Marketing Plan