Questions
GBUS*4330*W01 25 Fall GBUS 4330 Final Exam - Requires Respondus LockDown Browser
Single choice
Why must entrepreneurs conduct research before opening a business?
Options
A.To understand customers and test ideas
B.To guarantee profits
C.To increase product prices
D.To copy what competitors are doing
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Step-by-Step Analysis
When considering why entrepreneurs conduct research before opening a business, it's important to explore what each option implies and how it aligns with practical startup needs.
Option 1: 'To understand customers and test ideas' This option captures two core purposes of pre-launch research. Understanding potential customers helps ......Login to view full explanationLog in for full answers
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