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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning3 Marks
Question
Why is market survey necessary for a feasibility plan?
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Answer

Market survey is important for a feasibility plan as it makes the entrepreneur aware of the customer needs & preferences, viability of the product in the market, Quality needs & level of consumption & competition.

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