When evaluating a new business opportunity, what are the most important characteristics of the industry to understand and why? Describe the key aspects to evaluate competitors in reviewing a new business opportunity. How are substitute products identified and evaluated in relation to a new business opportunity?

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter2: Planning, Implementing, And Evaluating Marketing Strategies
Section: Chapter Questions
Problem 1DYMP
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 Read the Enterprise Creation Lesson 5

    • When you’re doing the Enterprise Creation reading, you’ll see question prompts. 

Once you’ve read the material, answer the following questions in a Word document.

  1. When evaluating a new business opportunity, what are the most important characteristics of the industry to understand and why?
  2. Describe the key aspects to evaluate competitors in reviewing a new business opportunity.
  3. How are substitute products identified and evaluated in relation to a new business opportunity?
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ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing