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Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Opportunity1 Mark
Question
Which process helps an entrepreneur to know about a market potential?
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Answer

Market assessment is the study of factors like demand, supply sources, delivery mechanism, cost and price of the product, nature of competition, etc., for selection of a product or a service.

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