What is most likely to reveal a market opportunity for a specific product application?
A)cost/benefit analysis
B)recognition of low supply
C)degree of customer demand
D)lack of market penetration

Question

Quizplus · Accepted Answer

The degree of customer demand is the most likely to reveal a market opportunity for a specific product application. If there is a high demand for a particular product, it indicates that there is a potential market for it, which may present an opportunity for a business to enter and provide a solution to meet that demand. Cost/benefit analysis may inform decision-making, but it does not necessarily reveal new market opportunities. Recognition of low supply and lack of market penetration are indicators of existing market conditions, rather than opportunities for new products.

What Is Most Likely to Reveal a Market Opportunity for a Specific