For which reason might you incorrectly conclude that an idea no other person has implemented is highly profitable?

Question

Quizplus · Accepted Answer

All of these factors can influence whether an idea is profitable or not, and if you have not accurately accounted for them, you may overestimate the potential success of the idea. Misjudging people's wants and constraints can mean that your idea is not actually solving a problem or meeting a need. Miscalculating the trade-offs people face can mean that they are not willing to pay as much as you expect for your product or service. Misunderstanding how people respond to incentives can mean that your pricing, marketing, or rewards structures are not effective in driving behavior.

For Which Reason Might You Incorrectly Conclude That an Idea