Which of the following is the second step in analyzing product-markets?
A) Analyze competition
B) Form the product-market
C) Forecast market size and rate of change
D) Analyze end users

Question

Which of the following is the second step in analyzing product-markets? 
A) Analyze competition
B) Form the product-market
C) Forecast market size and rate of change
D) Analyze end users

Quizplus · Accepted Answer

Forming the product-market is the second step in analyzing product-markets, following the initial step of defining the relevant market. This involves segmenting the market based on various criteria to identify specific groups of consumers or businesses to target.

Which of the Following Is the Second Step in Analyzing