Why is it so crucial to ascertain correct/accurateWhy is it so crucial to ascertain correct/accurate market information in your market research market information in your market research prior to carrying out a feasibility study?

Question

08-07-2021
Business

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Why is it so crucial to ascertain correct/accurateWhy is it so crucial to ascertain correct/accurate market information in your market research market information in your market research prior to carrying out a feasibility study?

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jayilych4real jayilych4real · Answer 1 · 2021-07-14T05:18:00+02:00

Answer:

It is important because it can help identify potential obstacles that may impede its operations and recognize the amount of funding it will need to get the business up and running.

Explanation:

It is very crucial to ascertain accurate market information in your market research before carrying out a feasibility study so as to help identify possible obstacles that would impeded the business and also to know the amount needed for funding.