the market forecast for beauty products is to go from $22.1 billion a year in 2017 to $28.7 billion by 2020 why is that useful information for an entrepreneur looking to market a beauty related business
A. it suggests that there will be a lot of room for new businesses
B. it guarantees that any beauty related business will do really well
C. it indicates that beauty products for men will see exponential growth
D. it means that the government feels consumers should spend more on beauty products
A. it suggests that there will be a lot of room for new businesses
This information is useful for an entrepreneur looking to enter the beauty market as it indicates that the market is growing and there is potential for new businesses to succeed. The increasing market size suggests that there is a demand for beauty products, creating opportunities for entrepreneurs to enter the market and capture a share of the growing industry.