If you've concluded that you have a potential product for which people will pay money, your next step is to _____.
A) segment your market
B) identify your competitors
C) analyze your market
D) hire the right employees

Question

Quizplus · Accepted Answer

Analyzing your market would be the most logical step after determining that there is potential demand for your product. This would involve researching the market size, potential target customers, competitors, and pricing strategies. Segmenting your market and identifying competitors may come in later in the process of launching the product. Hiring employees would not be the next step at this point.

If You've Concluded That You Have a Potential Product for Which