Multiple Choice
Which of the following statements is least true about an entrepreneurial situation?
A) It is important to gather and analyze information from customers before launching a new product.
B) Entrepreneurs are better off targeting established markets rather than new markets because it is difficult to predict the needs of new markets.
C) Entrepreneurs can design products that will have high appeal to potential customers through conjoint analysis.
D) Entrepreneurs assess customer preferences different when markets are new than when they were already established.
E) None of the Above
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Which of the following is not a
Q2: Which type of cost becomes less per
Q3: Choosing the right customers is one of
Q4: A stagnant market would offer more advantages
Q6: When entrepreneurs successfully move from selling to
Q7: Entrepreneurs are most successful when they start
Q8: Established firms will be at an advantage
Q9: An established business is thinking about introducing
Q10: To which customer groups does the entrepreneur
Q11: Established businesses tend to not compete with