Conducting a thorough analysis of the market

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Part of a formal, complex business plan involves conducting a thorough analysis of the market in which the company will be offering its products and services. But even if a business has no need to plan their business with such a document, it is very important that they conduct sufficient Market Research. Choose a type of business and a location where you would want to open that business. What additional questions would you want to ask? What other research would you want to do before opening the business?

Reference no: EM132161296

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