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Test Locate your potential market
Agenda
QUESTION 1: WHAT DOES THE ABILITY TO IDENTIFY THE RIGHT POTENTIAL MARKET IMPLY IN PROFESSIONAL DEVELOPMENT?
Learn about the history of the company
Understand the demographic and psychographic characteristics of consumers
Analyze competitors' infrastructure
None of the above
QUESTION 2: WHAT IS ONE OF THE KEY ISSUES WHEN CONSIDERING HOW TO LOCATE YOUR POTENTIAL MARKET?
Identify opportunities in saturated markets
Conduct in-depth market research
Skipping the stage of analyzing competitors
None of the above
QUESTION 3: WHY IS IT IMPORTANT TO ANALYZE THE LOCAL ECONOMY WHEN LOCATING YOUR POTENTIAL MARKET?
To set high prices irrespective of local spending capacity
To identify international competitors
To adapt your offers to the local economy and retain customers
None of the above
QUESTION 4: WHAT ASPECT CAN SIGNIFICANTLY IMPACT THE EFFICIENCY OF OPERATIONS IN A NEW REGION?
The color of the brand and the logo
Ambient music at the location
None of the above
Infrastructure and logistics
QUESTION 5: WHY IS IT ESSENTIAL TO CONSIDER THE SEASONALITY OF DEMAND WHEN LOCATING YOUR POTENTIAL MARKET?
To capitalize on peak demand
To establish competitive prices
To avoid competition in saturated areas
None of the above
QUESTION 6: WHAT IS THE PURPOSE OF ANALYZING THE QUALITY OF TRANSPORTATION AND COMMUNICATION INFRASTRUCTURE AND SYSTEMS IN A REGION?
Establish competitive prices
Adapt offers to the local economy
Improve customer experience
None of the above
QUESTION 7: WHAT ASPECT CAN HELP YOU IDENTIFY OPPORTUNITIES AND CHALLENGES IN LOCATING YOUR POTENTIAL MARKET?
The color of the brand
Fashion trend analysis
Competitor analysis
None of the above
QUESTION 8: WHAT DOES MARKET RESEARCH INVOLVE?
The task of analyzing trends, behaviors and needs of consumers in different geographic areas
The task of analyzing the climate and atmospheric conditions in different geographic regions
Evaluate the atmospheric weather in the area
None of the above
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