what would it mean for an entrepreneur if the market forecast for the kind of business that they wanted to…

what would it mean for an entrepreneur if the market forecast for the kind of business that they wanted to start indicates that the market for that product or service was expected to decline?\n(1 point)\n○ under no circumstances should someone start that kind of business.\n○ competition is likely to more intense than in some other businesses.\n○ it will be very difficult to find people with the skills required to sell that product.\n○ that business is going to be more heavily regulated since growth is projected to slow.

what would it mean for an entrepreneur if the market forecast for the kind of business that they wanted to start indicates that the market for that product or service was expected to decline?\n(1 point)\n○ under no circumstances should someone start that kind of business.\n○ competition is likely to more intense than in some other businesses.\n○ it will be very difficult to find people with the skills required to sell that product.\n○ that business is going to be more heavily regulated since growth is projected to slow.

Answer

Brief Explanations:

When a market is expected to decline, existing businesses may fight harder for a shrinking customer - base, leading to more intense competition. Starting a new business in such a market means facing this tough competition. The other options are not directly related to a declining market forecast. There's no absolute rule against starting a business in a declining market, difficulty in finding sales - skilled people isn't directly tied to market decline, and there's no clear link between slow - growth/decline and heavier regulation.

Answer:

Competition is likely to more intense than in some other businesses.