One of the worst and most common mistakes entrepreneurs make is:
A)assuming that a market exists for their product or service.
B)taking too much time to conduct planning and research.
C)conducting informal research.
D)conducting online research,which is too impersonal and does not yield accurate information.

Question

Quizplus · Accepted Answer

It is crucial for entrepreneurs to conduct market research and validate their assumptions about the demand for their product or service before investing time and resources into it. Assuming a market exists without any evidence can lead to failure and wasted resources.

One of the Worst and Most Common Mistakes Entrepreneurs Make