Which of the following statements is true with regard to deciding the number of customers to target for the venture reality check?
A) You must select a large enough sample to be statistically significant
B) You should talk to at least 50 people
C) There is no magic number of potential customers with whom you should communicate
D) None of the above statements is true

Question

Quizplus · Accepted Answer

The number of potential customers to target for the venture reality check is not a fixed number and depends on various factors such as the industry, product, and target market. It is important to talk to a diverse group of potential customers to gain insights and feedback. Therefore, there is no magic number of potential customers with whom you should communicate.

Which of the Following Statements Is True with Regard to Deciding