when choosing an item or service , what should the entrepreneur keep in mind
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Ans. (i) Demand: The demand assessment will be based on the size of market being targeted and also involve a study of the groups of consumers, their preferences, tastes, etc☺
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Explanation:
Here are 9 factors that every entrepreneur must consider when selecting a perfect business location:
1) Demographics. ...
2) Style of Operation (+ Psychographics) ...
3) Nearness to Market and Foot Traffic. ...
4) Accessibility and Basic Infrastructure. ...
5) Competition. ...
6) Zoning/Permit Issues. ...
7) Proximity to other Businesses & Services.
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