Why is lack of marketing research a new venture management trap for new entrepreneurs?
A) Market research would allow a new venture to know exactly how much money they will make
B) Changes in market conditions can leave a firm poorly positioned to seize a market share
C) Market research provides the roadmap for what a new venture should do for the next 10 years
D) Changes in market conditions can be easily predicted with just a little market research performed
Correct Answer:
Verified
Q10: The quest for new venture creation and
Q11: New and emerging ventures make two indispensable
Q12: _ Is one of the 11 common
Q13: What is one of the advantages of
Q14: What are some of the disadvantages of
Q16: What is a failure to diversify market?
Q17: What is the number one reason why
Q18: The decision to behave entrepreneurially is the
Q19: What does the chapter highlight as the
Q20: With respect to the integrated definition of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents