pickle fail micah receives an email from an entrepreneur stating he has decided not to invest in the company…

pickle fail micah receives an email from an entrepreneur stating he has decided not to invest in the company because he doesnt think that pickle production is a competitive business. micah ultimately closes the pickle business, still owing money to suppliers. market analysis youll need a good understanding of your industry outlook and target market. competitive research will show you what other businesses are doing and what their strengths are. in your market research, look for trends and themes. what do successful competitors do? why does it work? can you do it better? question 10 (8 points) micah had a strong business plan for his pickle factory. true false question 11 (8 points) micah did not complete a strong market analysis. true false question 12 (12 points) micah had the funds upfront to buy equipment, materials, pay salaries, and cover specific bills until the revenue increased. true false

pickle fail micah receives an email from an entrepreneur stating he has decided not to invest in the company because he doesnt think that pickle production is a competitive business. micah ultimately closes the pickle business, still owing money to suppliers. market analysis youll need a good understanding of your industry outlook and target market. competitive research will show you what other businesses are doing and what their strengths are. in your market research, look for trends and themes. what do successful competitors do? why does it work? can you do it better? question 10 (8 points) micah had a strong business plan for his pickle factory. true false question 11 (8 points) micah did not complete a strong market analysis. true false question 12 (12 points) micah had the funds upfront to buy equipment, materials, pay salaries, and cover specific bills until the revenue increased. true false

Answer

Brief Explanations:

For Question 10, there is no information indicating Micah had a strong business - plan, so the answer is False. For Question 11, since an entrepreneur thought pickle production wasn't competitive and Micah closed the business owing money, it's likely he didn't do a strong market analysis, so the answer is True. For Question 12, the fact that Micah still owed money to suppliers implies he didn't have sufficient upfront funds, so the answer is False.

Answer:

Question 10: B. False Question 11: A. True Question 12: B. False