Take advantage of new business opportunities

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Reference no: EM132282729

Give detailed answers to the following questions:

Describe the market research—type and purpose—that you conducted, or will conduct, prior to your business start-up. Why is such research necessary and why is it necessary to continue, through the business operation, to conduct appropriate research?

Explain how and why business plans need to be regularly reviewed. How do you, or how do you think you will, conduct reviews in your organisation? Describe the processes and steps involved.

How can such reviews be utilised to take advantage of new business opportunities?

Through what procedures is it possible to identify new markets?

In what ways might plans and goals need to be adjusted as a result of market research?

(1,000–2,000 words)

Reference no: EM132282729

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