Why is it important to know the market size of the the business? Please explain thoroughly.

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter7: Entrepreneurship
Section7.4: Start Your Own Business
Problem 2CC: Why is it important to develop a business plan? What should such a plan include?
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Why is it important to know the market size of the the business? Please explain thoroughly.

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