The decision of an entrepreneur to ignore the market is a safe one if he or she is sure that the idea will be a success.

Question

Quizplus · Accepted Answer

Ignoring the market is never a safe bet, even if the entrepreneur is confident in their idea. Market research and analysis are critical components of creating a successful business, as they allow entrepreneurs to identify their target audience, understand consumer behaviors and preferences, and identify potential competition or challenges. Failing to do so can result in a failed business, no matter how great the original idea may have been.

The Decision of an Entrepreneur to Ignore the Market Is