Question: Identify and discuss three of the psychological characteristics that help
Identify and discuss three of the psychological characteristics that help an entrepreneur identify and describe customers. Also, explain how the product life cycle will affect the purchasing behavior of these customers.
Relevant QuestionsWhat are the five steps that are particularly helpful for developing a marketing plan? Identify and describe each.In your own words, what is a market? How can marketing research help an entrepreneur identify a market?Describe how a capital budget is constructed.When would an entrepreneur be interested in break-even analysis?Identify five of the ten guidelines to be used for preparing a business plan.
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