The two ways that entrepreneurs assess the likely product demands for a product are through analyzing market research and historical data.
Who are Entrepreneurs?
An entrepreneur is a person who makes the decision of starting their own business based on the innovation of an idea or a product they have invented, taking on most of the risks and receiving the majority of the gains.
The two ways that entrepreneurs assess the likely product demand for the proposed product or service they are analyzing is through:
- Market research, and
- Historical data
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https://brainly.com/question/13628349
