As discussed in the text, when collecting market information to determine the potential for the venture, the fourth task for the entrepreneur should be to __________.
A) evaluate general environmental trends
B) evaluate trends in the specific industry of the new venture
C) assess the local market where the venture will be located
D) analyze the competitive environment for the new venture
E) None of the answers apply.

Question

Quizplus · Accepted Answer

The fourth task for the entrepreneur is to analyze the competitive environment for the new venture, which involves understanding the competition and how it might impact the venture's success.

As Discussed in the Text, When Collecting Market Information to Determine