Product market focus is important for evaluating
A) demographic forces
B) economic conditions
C) consumer demand
D) government regulation

Question

Quizplus · Accepted Answer

Product market focus refers to the specific customer segment or target market that a business chooses to serve with its product or service. Therefore, evaluating product market focus is primarily concerned with understanding consumer demand and identifying the needs and preferences of the target market. While demographic forces, economic conditions, and government regulation may also be relevant factors to consider, they are not directly related to product market focus.

Product Market Focus Is Important for Evaluating