When entrepreneurs come up with new ideas, they go through a series of steps to make sure their idea is feasible and profitable with the first step involving the use of things like surveys, focus groups, interviews, and field trials to figure out what the market wants. What kind of techniques are used in this first step? (1 point) Responses market research techniques market research techniques reliability techniques reliability techniques cold calling techniques cold calling techniques intrinsic advertising techniques intrinsic advertising techniques
The techniques used in this first step include market research techniques such as surveys, focus groups, interviews, and field trials. These methods help entrepreneurs gather information and insights about the market, customer preferences, and potential demand for their idea.
