When is an entrepreneur done collecting market research for his/her business?
A) Never
B) When the business has been operating for six months
C) When the business has been opened
D) Prior to the first sale
E) After the first sale

Question

Quizplus · Accepted Answer

Market research is an ongoing process that should continue throughout the life of a business. It helps entrepreneurs understand their customers' needs, preferences, and behavior, as well as keep up with industry trends and competitors. Therefore, an entrepreneur is never truly done collecting market research for his/her business.

When Is an Entrepreneur Done Collecting Market Research for His/her