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 market a beauty-related business as it indicates a growing market with increasing demand, providing opportunities for new businesses to enter and compete in the industry. Additionally, the forecasted growth in the market value suggests that there is potential for a business to gain market share and potentially achieve success in the beauty industry.