Which is a factor that businesses often consider when conducting a market analysis?
Respuesta
Location of test market
Size of the market next year
Safety of the research process
Design of the questionnaire
Pregunta 2
Pregunta
Which is a question that a business might ask when it wants to evaluate its weaknesses?
Respuesta
What resources do we lack?
What is our competition doing?
What markets have our competitors missed?
What obstacles do we face?
Pregunta 3
Pregunta
Which form of business ownership can raise money easily?
Respuesta
Partnership
Corporation
Sole proprietorship
Limited partnership
Pregunta 4
Pregunta
When a business conducts a customer analysis and identifies territories, determines the possible buyers in the territories, and estimates the purchases of buyers, it is evaluating which factor?
Respuesta
Psychographics of a segment
Market potential of an area
Potential media exposure
Market share of competitors
Pregunta 5
Pregunta
Which is an activity that a business performs when conducting a competitive analysis?
Respuesta
Sets productivity goals
Monitors marketing strategies of a rivalry
Calculates income data
Develops selling procedures
Pregunta 6
Pregunta
One reason why it is often important for businesses to conduct a competitive analysis is to identify factors?
Respuesta
External threats
Potential vendors
Economic conditions
Future employees
Pregunta 7
Pregunta
What is a potential threat a manager might identify in a SWOT analysis?
Respuesta
Growing government regulation
Economy rebounding
Weak market image
Cost advantages
Pregunta 8
Pregunta
One way that a business can learn about the activities of competitors is to perform which action?
Respuesta
Develop product specifications
Evaluate intranet efficiencies
Review secondary data
Identify communication barriers
Pregunta 9
Pregunta
Which question is it important to ask to determine the strengths of a business when conducting a SWOT analysis?
Respuesta
What economic trends are beneficial to us?
What are our competitors doing?
Where are we making money?
What obstacles do we face?
Pregunta 10
Pregunta
One of the purposes of conducting a market analysis is to develop which component?