Benefits of entrepreneurs conducting market research

Reference no: EM13770355

1. What are benefits of entrepreneurs conducting market research? Provide examples of market research strategies used in your current business or one with which you are familiar. Ensure that in preparing your response, you properly cite and reference sources. This includes text, the internet and the UOP library. As a reminder, blogs are not appropriate sources for information in responding as the information is opinion only and not reviewed by credible sources.

2. Why is it important for entrepreneurs to define and identify who their customers are? What strategies do entrepreneurs use to determine customer needs and wants? Ensure that in preparing your response, you properly cite and reference sources. This includes text, the internet and the UOP library. As a reminder, blogs are not appropriate sources for information in responding as the information is opinion only and not reviewed by credible sources.

3. What benefits are associated with a business selling on the Internet? Discuss how the Internet and Web-based businesses have changed entrepreneurs' strategies. What advice would you offer to an entrepreneur thinking of starting an e-business? Ensure that in preparing your response, you properly cite and reference sources. This includes text, the internet and the UOP library. As a reminder, blogs are not appropriate sources for information in responding as the information is opinion only and not reviewed by credible sources.

Reference no: EM13770355

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