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?
O Under no circumstances should someone start that kind of business.
O Competition is likely to more intense than in some other businesses.
O It will be very difficult to find people with the skills required to sell that product.
O That business is going to be more heavily regulated since growth is projected to slow.
I would say that option O is the most accurate response in this case. If the market forecast indicates that the market for the entrepreneur's desired product or service is expected to decline, it implies that there may be less demand for it in the future. This situation would likely make it more challenging for the entrepreneur to succeed in that particular business. Additionally, if growth is projected to slow, it could mean that there will be increased regulatory scrutiny and potentially tighter restrictions on the industry. Therefore, the entrepreneur should carefully consider these factors before pursuing such a business.
