In which situation will market survey be most useful?
Answer and explanation
Correct answer: When demand must be known before launching a new product
Understanding demand before launching a new product is necessary. Exam tip: link market survey with risk reduction.
Frequently asked questions
What is the correct answer to this question?
When demand must be known before launching a new product
Why is this the correct answer?
Understanding demand before launching a new product is necessary. Exam tip: link market survey with risk reduction.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.