Multiple Choice
As discussed in the text, the strongest argument for conducting marketing research as part of the entrepreneurship process is which of the following?
A) It takes relatively few people to produce a statistically valid and accurate sample for a large market.
B) Only marketing research will give you unbiased opinions of your ideas, versus those of your friends, family, and associates.
C) Properly segmenting a market takes research to know what groups exist and how they are different from each other.
D) The costs of business failure are much higher than the cost of conducting marketing research, which if done properly, can help to avoid failure in the first place.
E) All of the answers are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: When determining channel strategy, selecting only one
Q15: Generally speaking, entrepreneurs see the external environment
Q16: Questions used in surveys in marketing research
Q17: As a primary data collection method, focus
Q18: Middlemen companies such as wholesalers and retailers
Q20: What is guerrilla marketing and what are
Q21: As discussed in the text, need-based segmentation
Q22: Which of the following would not be
Q23: When comparing survey methods of gathering primary
Q24: An effective marketing plan should be based