8 Questions
True or false: Consumer preferences refers to the taste of particular groups of people.
True
True or false: Micro market refers to the specific target market segment of a particular enterprise.
True
True or false: The entrepreneur must also be able to measure the actual demand and supply of the industry that the enterprise belongs to.
True
True or false: Rivals or competitors in a particular type of business are substitute products or services, which customers shift or turn to.
False
True or false: Personal value analysis represents your philosophy, guiding principles, outlook and inspirations for your business (non-monetary values).
True
True or false: Consumer preferences refers to the taste of particular individuals only?
False
True or false: Rivals or competitors in a particular type of business are substitute products or services that customers shift or turn to?
False
True or false: Micro market refers to the general target market segment of a particular enterprise?
False
Test your knowledge of consumer preferences, micro markets, and measuring demand and supply in the industry! Learn about rivals, competitors, and substitute products in this quiz.
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