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By Analyzing the Potential Competition, an Entrepreneur Can Minimize Risk

Question 29

Multiple Choice

By analyzing the potential competition, an entrepreneur can minimize risk, refine strategies, and


A) potentially turn the competition into a strategic partner.
B) reduce the need for writing a comprehensive business plan.
C) identify ways to obtain financing before investing.
D) identify the size of the target market and segment it properly.
E) develop a comprehensive plan to market the product.

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