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.
Correct Answer:
Verified
Q24: The Motion Picture Association and the Screen
Q25: Selena Kim has often dreamed of starting
Q26: "What kind of industry am I entering,
Q27: A business plan is a document that
Q28: Asking yourself "Who are my customers and
Q30: An important part of any business plan
Q31: Information about the product or service that
Q32: Emily Ito is preparing a business plan
Q33: A(n) _ outlines a proposed firm's goals
Q34: A pitch deck is designed to communicate
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