Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:
Trend Spotting helps the entrepreneur to:
Options:
Understand the market
Understand the market and produce goods or provide services in sync with the market trends.
Understand the market and produce goods in sync with the market trends.
Understand the target market.
Correct Answer:
Understand the market and produce goods or provide services in sync with the market trends.
Explanation:
Trend spotting means identification of new trends. This will help the entrepreneur to understand the market and produce goods or provide services in sync with the market trends.