Answered

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There are several sources for identifying market gaps by an entrepreneur. Which of the following is one of the sources for identifying market gaps?

A. Trade associations
B. Trade unions
C. Trade fairs
D. Trade factors

Sagot :

GinnyAnswer

Final answer:

Trade associations and trade fairs are valuable sources for entrepreneurs to identify market gaps, while trade unions mainly address labor-related matters.


Explanation:

Trade associations are one of the key sources for identifying market gaps for an entrepreneur. These associations provide industry-specific insights, trends, and networking opportunities that can help in recognizing gaps in the market.

By participating in trade fairs, entrepreneurs can interact directly with potential customers, observe competitors, and gather feedback, which can lead to identifying opportunities in the market.

Trade unions primarily focus on protecting the rights of workers and negotiating labor-related issues, rather than identifying market gaps for entrepreneurs.


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