How Businesses Identify Needs
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See more in Economics
You will learn How businesses identify needs, niches and gaps in established markets to guide the development of specific services or products to address these opportunities; for example, electric cars and solar power.
Topics of this game:
- How do businesses identify needs, niches, and gaps in established markets?
- What is a common method used by businesses to identify emerging trends?
- Which of the following is NOT a strategy for identifying gaps in the market?
- How do businesses know how to improve products or services to address identified opportunities?
- What role does innovation play in identifying market needs and niches?
- How can businesses determine if a niche market is profitable?
- Which of the following is NOT a common approach to filling market gaps?
- Why is it important to identify needs, niches, and gaps in the market?
- Which approach is most effective for businesses aiming to stay ahead in competitive markets?
- How do businesses ensure the sustainability of their products or services?
