Multiple Choice
I am thinking about starting a new business to sell a product that I have developed. Part of what I am thinking about is how the potential customers will use the product. However,since I am quite familiar with the needs that this product will satisfy,I believe that the potential customers will use it the same way that I do. This form of thinking represents the (a)
A) first-mover advantage.
B) confirmation bias.
C) focus group analysis.
D) financial concept.
E) customer survey.
Correct Answer:

Verified
Correct Answer:
Verified
Q45: Say that you have an idea for
Q46: The process which helps an entrepreneur answer
Q47: The government designed a program to help
Q48: Cognitive science indicates that we are all
Q49: Before launching a new company,entrepreneurs need to
Q51: The higher the marginal tax rate in
Q52: When making a decision in a group,sometimes
Q53: The first-mover advantage always results in financial
Q54: Many new ventures chose to make their
Q55: Information on how potential customers will evaluate