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1. A market need refers to a specific gap or problem that exists within a particular market or industry, and that customers or consumers are looking to solve. A market need can arise from a variety of factors, such as changes in technology, shifts in consumer preferences, or gaps in existing products or services.

Identifying a market need is a crucial step for businesses and entrepreneurs, as it helps them understand what customers are looking for and where opportunities exist for new products or services. By addressing a market need, businesses can create products or services that are more relevant and appealing to customers, and in turn, can increase their chances of success in the market.
2. Market research is a crucial process in determining the market need because it helps businesses understand the needs, preferences, and behaviors of their target audience. Here are a few ways in which market research helps in determining the market need:

Identifying customer needs and preferences: Market research helps businesses understand their target audience and their needs, preferences, and behaviors. Through surveys, focus groups, and other research methods, businesses can gain insights into what their customers want and need, what their pain points are, and what factors influence their purchasing decisions.

Analyzing competition: Market research also helps businesses analyze their competition and understand the gaps in the market that they can fill. By studying the products and services offered by their competitors, businesses can identify opportunities to differentiate themselves and meet unmet customer needs.

Assessing market size and potential: Through market research, businesses can estimate the size and potential of their target market. This information is critical in determining the viability of a new product or service and in making decisions about pricing, distribution, and marketing.

Testing new product concepts: Market research can also be used to test new product concepts and gauge customer interest and willingness to pay. This feedback can help businesses refine their product offerings and ensure that they are meeting the needs of their target audience.

Overall, market research provides businesses with valuable insights into their target audience, the competition, and the market landscape. By leveraging this information, businesses can make informed decisions about product development, pricing, marketing, and other key business strategies that will help them succeed in the marketplace.
3. Market research is a crucial process in any business strategy. It helps businesses to identify potential customers, their needs, and market trends. The basic factors to consider in market research are:

Market size and growth potential: It is essential to determine the size of the market and its growth potential. This information will help businesses to understand the market's potential and identify opportunities for growth.

Customer demographics and behavior: Understanding the customer demographics and behavior is crucial to identifying the target market and tailoring products and services to meet their needs.

Competitor analysis: Analyzing the competition is critical in understanding the market landscape and identifying opportunities to differentiate products or services.

Market trends: Identifying market trends helps businesses to stay ahead of the competition and anticipate changes in the market.

Pricing strategy: Determining the right pricing strategy for products or services is crucial to gaining a competitive advantage and maximizing revenue.

Distribution channels: Identifying the most effective distribution channels for products or services is essential to reaching the target market and maximizing sales.

Marketing strategy: Developing an effective marketing strategy is crucial to promoting products or services and building brand awareness.

Regulations and compliance: Businesses must be aware of any regulations or compliance requirements that apply to their industry and products or services.

By considering these basic factors, businesses can conduct effective market research to inform their business strategy and decision-making.
4. Choosing a product or service to sell can be a complex process, but there are some general steps you can follow to help you make a decision:

Identify your interests and passions: Start by identifying what you are passionate about, what you are interested in, and what you have experience with. This can help you narrow down the types of products or services you may be interested in selling.

Research market demand: Conduct market research to identify the needs and wants of your target audience. Look for gaps in the market that you could fill with your product or service.

Evaluate competition: Assess the level of competition in the market and determine if there is room for a new player. If the market is highly competitive, you may need to differentiate yourself from your competitors by offering unique features, pricing, or marketing strategies.

Consider your skills and resources: Think about your skills, resources, and budget. Determine if you have the necessary skills to create, market, and sell the product or service. Consider if you have the resources to manufacture, distribute, and support the product or service.

Test the product or service: Before launching, test your product or service with a small group of customers to get feedback and validate your assumptions. Use this feedback to refine your offering and improve its market fit.

Overall, it's important to take a strategic and data-driven approach to choosing a product or service to sell. By carefully considering market demand, competition, and your own skills and resources, you can increase your chances of success.
5. As a future entrepreneur, studying business planning and identifying market needs is essential because it helps you develop a clear and concise strategy for launching and growing your business. Here are some reasons why:

Helps you understand your target market: Understanding your target market is crucial to the success of your business. By identifying their needs and preferences, you can tailor your product or service to meet their demands and gain a competitive advantage.

Provides a roadmap for success: A well-crafted business plan provides a roadmap for success by outlining the steps you need to take to achieve your goals. This includes everything from marketing and sales strategies to financial projections and operational plans.

Helps you secure funding: Investors and lenders will want to see a solid business plan before they invest in your business. A well-written plan that demonstrates a clear understanding of your market and a viable strategy for growth will help you secure the funding you need to get your business off the ground.

Enables you to make informed decisions: By conducting market research and analyzing your competition, you can make informed decisions about your product or service, pricing strategy, and marketing efforts.

In summary, studying business planning and identifying market needs is essential for any entrepreneur who wants to launch and grow a successful business. By understanding your target market, developing a roadmap for success, securing funding, and making informed decisions, you can increase your chances of success and achieve your entrepreneurial goals.

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1. Market needs are the practical requirements, aspirations, and objectives of a target group. A business may recognize a gap in the market's needs and develop a product or service to fill it. The business may make a significant profit if that audience has a lot of needs.
2. Based on how competing items have fared in the market, you may determine whether a new idea for a company or product will succeed—that is, if customers will find it appealing. You can use it to make smart choices about marketing strategies, product packaging, and promotions.
3. You must examine the number of businesses that offer comparable goods and services to what you intend to offer, as well as the outcomes those businesses are experiencing. A further crucial factor to take into account is whether there is a market for your business or whether you can provide something more superior or inventive.
4.  Identify or create a product that solves a problem, Bounce off a product that you’re passionate about, and Capitalise on trends early.
5. A business plan aids in defining and focusing your business ideas and strategies as an entrepreneur. You focus on management challenges, human resource planning, technology, and adding value for your customers in addition to financial matters.

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1. A market need refers to a gap or unmet demand in the market that can be addressed through the development and provision of products or services, identifying market needs can be a crucial factor in creating successful businesses and products

2.  It in involves gathering and analyzing data about the target market, including their preferences, bahaviors and purchasing habits

3. Target audience, research objectives, research methods, sample size, data collection, data analysis and reporting

4.  To choose a product or services to sell we have to identify the costumers need or to you target costumers, conduct market research to understand the problems they are trying to solve.

5. To know the people needs and to have a successful business

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1) Market needs refer to the functional needs, desires and goals of a target audience. A company may identify an area of the market with unmet needs and create a product or service that addresses them. If that audience has a large amount of need, the company may receive a significant profit.
2) It can help you decide whether a new idea for a business or product will fly – that is, if customers will find it appealing – based on how similar products have performed in the marketplace. It can help you make wise product packaging and promotional decisions, as well as effective marketing messages.
3) You must analyze the number of companies that have products or services similar to those you want to offer, as well as the results they are obtaining. Another important aspect to consider is whether there is a market for your company or if you can offer something better or more innovative.

Is the target market worth anything for my business?
Is the target market manageable enough?
Who will I be fighting to attract the target market?
What do I want out of my market research in the first place?
Do I need help doing my market research?
4) - Identify or create a product that solves a problem
- Bounce off a product that you’re passionate about
- Find a good product with branding potential
- Capitalise on trends early
5) The value of a business plan to an entrepreneur starts with its assistance in identifying potential issues and difficulties. It's one thing to want to turn a profit in your first year of business, but how will you do that? A business plan requires you to examine your finances and become more pragmatic. An essential and strategic tool for entrepreneurs is a business plan. In addition to helping entrepreneurs concentrate on the particular actions required for their business ideas to succeed, a strong business plan also enables them to meet both short- and long-term goals.

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1. What is a market need?
-Market need refers to determine your target audience, goals, and what product you want to develop for your business.
2. How does market research help in determining the market need?
-It can help you to determine who's your possible customers,as well as what product does the customer needs and wants to make your product profitable.
3. What are the basic factors to consider in the market research?
- We need to consider the population which we can determine the same products that has been produce similarly to your product in that place.
4. How do we choose a product/service to sell?
- Idenfity the needs of an individual in that area so that you can build up a plan to produce a product/ service that can satisfy your possible customers.
5. As a future entrepreneur, Why do you need to study a business planning or identifying market needs?
- It is necessary to do this because it may help your business to grow and reach the goals by means of determining and planning at first so that at the very start you already know who's your possible customers and to know if your product will be profitable in case you produce it.

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1. Market need is Creating your marketing plan and your Top priority is to identify the largest group of potential buyers for your product or services within that group exist and run specific marketing campaigns.
2.Market Research will help to map out the Fullprofile of your ideal customer, It will help to determine the market size and what triggers them to buy.
3.The basic factor to consider to Market Research is to know your product and analyze about your market and buyers And how you can retain your customers to join business so you can get an exponential return on your initial advertising
4.The right choice of a product is being presentable and Good feedback from customers.
5.Its important to study a business planning in order to learn more how it will be successful and how it will grow

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Javier, Marvin JAMES B.           11 ABM - TAN

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Javier, Marvin JAMES B.           11 ABM - TAN

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1. What is a market need?
-Market need refers to determine your target audience, goals, and what product you want to develop for your business.
2. How does market research help in determining the market need?
-It can help you to determine who's your possible customers,as well as what product does the customer needs and wants to make your product profitable.
3. What are the basic factors to consider in the market research?
- We need to consider the population which we can determine the same products that has been produce similarly to your product in that place.
4. How do we choose a product/service to sell?
- Idenfity the needs of an individual in that area so that you can build up a plan to produce a product/ service that can satisfy your possible customers.
5. As a future entrepreneur, Why do you need to study a business planning or identifying market needs?
- It is necessary to do this because it may help your business to grow and reach the goals by means of determining and planning at first so that at the very start you already know who's your possible customers and to know if your product will be profitable in case you produce it.

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1. Market needs advertising, it is a requirement to show our product and it should be about our product and it must be useful, attractive, and effective
2. It can help us make wise product packaging and promotional decisions, as well as effective marketing strategies .
3. We need to think what's our goal, before we start any market research project, it’s essential that we define very specific goals. By identifying just one or two goals for our study, the questions ask will be more focused.
4. We need to consider the needs of our target costumers, the products that are in demand or trendy, also include our personal passion and capital.
5. It will help me to identify my target market and how my product or service can benefit it.

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1. What is a market need?
- Market need is a product or service that the target customer wants need or interest. Market need may vary depending on the one's consumer and time being.
2. How does market research help in determining the market need?
- Market research is essential in determining the market need. This helps the entrepreneur to identify what product or service they will provide. In order to make a good business you have to know that factors that could affect your business. For example, the trends, your target market, the place or location, and also your potential investors and competitors
3. What are the basic factors to consider in the market research?
-The basic factors to consider in the market research is the interest and current trend, as well as the technological changes, strength and weaknesses of the product or service and the internal factors of the target market.
4. How do we choose a product/service to sell?
-In order for us to determine what product or service we will sell, we have to consider our capital and our Target market. It is essential for new entrepreneur to identify our Target market first, for us to be able to provide a good and “in” products or service. Considering our passion and also our strength/knowledge is also important for because this may influence the flow of our work. If we are interested and passionate on what we are doing, then it will have a good outcome.
5. As a future entrepreneur, why do you need to study a business planning or identifying market need?
-As a future entrepreneur it is necessary for us to study business planning, because this will help us in our future professions by having a background knowledge. Also studying this concepts will help us to create an effective business plan together with identifying the market need.

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1, is as marketing concept that relates to the functional or emotional need or desires of a target market, generally a successful company identifies when a segment of customers is not effectively.
2, help you decide whether a new idea for a business or product will fly- that is if customers will find it appealing base on how similar products have performed in the markplace.
3, the number of companies that have products or services similar those you want to offer, as well as the results they are obtaining
4, consider the needs of your target customers, the products that are in demand on tready, also include your personal passion and capital.
5, to establish your plans for your business future.

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1. Market needs refer to the functional needs, desires and goals of a target audience. A company may identify an area of the market with unmet needs and create a product or service that addresses them. If that audience has a large amount of need, the company may receive a significant profit. Some details that marketing professionals look for to determine market needs may include:

• Age of buyers
• Size of the market
• Customer buying patterns
• Customers' income
• State of the current market
• Competition
• How to distribute the product

2. Market research provides critical information about your market and your business landscape. It can tell you how your company is perceived by the target customers and clients you want to reach. It can help you understand how to connect with them, show
l how you stack up against the competition, and inform how you plan your next steps.

3. Market research is one of the most essential things that every company must take into account before launching new products or services. Ensuring that new products are aligned or respond to what consumers want is key to predicting the success of new launches. However, there are many marketing research factors that directly influence the end result. In this article, we review in detail what they are.

4. One of the biggest challenges aspiring entrepreneurs face is finding profitable trending products that will sell, whether it’s a single product or a full product line that occupies a niche in a market.

Coming up with product ideas is admittedly a little tricky, and the importance of selling a product people want can leave even the most motivated people stuck in analysis paralysis. It often feels like everything you could possibly sell is already being sold—not to mention the reality that there will be plenty of competition in the most popular product categories.

Fortunately, there are still golden opportunities out there, proof of this being that new products successfully launch all the time. To help you get started, we’ve put together a shortlist of practical ways to find products to sell in your online store and build a recognizable and memorable brand.

5. A business plan is a very important and strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed, but it also helps them to achieve short-term and long-term objectives. Benjamin Franklin once said, "If you fail to plan, you are planning to fail.

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Patrimonio, Claire Jane, F ABM. 12 GATES

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Patrimonio, Claire Jane, F ABM. 12 GATES

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1) What are market needs?
Market needs refer to the functional needs, desires and goals of a target audience. A company may identify an area of the market with unmet needs and create a product or service that addresses them. If that audience has a large amount of need, the company may receive a significant profit

2) How does market research help in determining the market need?
It can help you decide whether a new idea for a business or product that is, if customers will find it appealing  based on how similar products have performed in the marketplace. It can help you make wise product packaging and promotional decisions, as well as effective marketing messages.

3) What are the basic factors to consider in the market research?
You must analyze the number of companies that have products or services similar to those you want to offer, as well as the results they are obtaining. Another important aspect to consider is whether there is a market for your company or if you can offer something better or more innovative.

4) How do we choose a product/service to sell?
Consider the needs of your target costumers, the products that are in demand or trendy, also include your personal passion and capital.

5) As a future entrepreneur, Why do you need to study a business planning or identifying market needs?
The importance of a business plan to an entrepreneur begins by helping you to identify your possible problems and challenges. It's one thing to aim for a goal of being profitable in the first year of operation, but how will you achieve that? A business plan forces you to get realistic and look at your numbers

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1. Market needs are the practical needs, aspirations, and objectives of a target group.
2. Market research is vital in determining the market need because it provides critical insights and information to one's business, it can tell how your company is perceived by the target audience, thus you reaching and connecting with them which leafs to developing customer satisfaction.
3. In this case, we should consider first is the 'GOAL' of the company/business or the purpose of researching a market. Second, the brand reputation, the customers opinions about your products and services, how they viewed or perceived the content or quality of your products/services. Third, the scale of your competitors in the marketplace. Fourth, the ultimate goal of your marketing campaign which connects to the last one, contributors and partnership.
4. We choose a product/service to sell base on market needs and, of course, on our personal passion.
5. Business planning is important because it is the heart and the backbone of a whole business, so we must focus on learning every edges of it so that we can deal with the challenges in the future, for the sake of reputation and the growth of the company in the industry. Approaching market research with a blindfold on isn't quite a great idea.

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1. If that audience has a large amount of need, the company may receive a significant profit.

2.This can help to decide whether a new idea for a business or product will take off, meaning if customers find it attractive they will be tempted to buy the product. It can also help you create smart product design for a business.

3.Go with your personal passion, Read customer reviews on existing products.,Goals, budget,, Survey questions.

4.Consider the needs of your target costumers, the products that are in demand or trendy,

5.Planning a business is a very important and strategic process for entrepreneurs. A good business plan helps entrepreneurs for their successful business idea.

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1. What is a market need?
Market needs are the practical demands, aspirations, and objectives of a target audience. A business could recognize a gap in the market's needs and develop a product or service to fill it. The business might make a significant profit if that audience has a lot of needs.
2. How does the market research help in determining the market need?
Based on how competing items have fared in the market, you may determine whether a new business or product idea will succeed, or in other words, whether consumers will find it appealing. Effective marketing messages can be created with its assistance, as well as intelligent selections regarding product packaging and promotions.
3. What are the basic factor to consider in the market research?
You need to evaluate the number of businesses that offer goods or services that are comparable to those you wish to offer, as well as the outcomes they are experiencing. If there is a demand for your business or if you can do something better or more inventive, those are two crucial factors to take into account.
4. How do we choose a product/service to sell?
Think about your passion and resources as well as the demands and desires of your target market, trendy or in-demand products, and their needs and wants. Before making a decision, you should think about the goods that people are interested in as well as the people and the environment.
things you sell.
5. As a future entrepreneur, Why do you need to study a business planning or identifying market needs?
Starting with assisting you in recognizing potential issues and obstacles, a business strategy is crucial for entrepreneurs. Becoming profitable in the first year of business is something to strive for, but how will you actually make it happen? You are compelled to be realistic and examine your financials by a company strategy.

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1. A market need is a demand for a specific product or service that customers require.
It's also the basic information that an entrepreneur has to know to access the market.
2. Market research is an important tool that can assist businesses in determining market needs by providing insights into consumer preferences, behaviors, and attitudes.
3. Target Market, it is critical to define the target market for the product or service under consideration. Demographics such as age, gender, income, education level, and other factors that can influence consumer behavior and preferences are included.
4. Choosing a product or service to sell necessitates a thorough examination of market demand, competition, resources, profit potential, and risks. Conducting market research and weighing these factors can assist in making an decision about the best product or service to sell.
5. Entrepreneurs who want to launch and grow successful businesses must first study business planning and identify market needs. Entrepreneurs can reduce risks, increase profitability, and attract investors to support their growth by understanding their target market's needs and preferences and developing a clear strategy to succeed.

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11 ABM-TAN
1. Market needs refer to the functional needs, desires and goals of a target audience.
2. It can help you decide whether a new idea for a business or product will fly – that is, if customers will find it appealing – based on how similar products have performed in the marketplace.
3. Project complexity. The number and type of people you will need to staff your own research department is going to depend how complex the research projects are going to be.  Secondary research projects require different skills sets than primary research efforts. Short, closed ended online web surveys that require little statistical analysis will require different skills and people than conducting in-person product validation research around the world.

Frequency of research. A couple of research projects a year will require different resources than a couple of research projects a month.  If you haven’t created a research calendar, this is a good starting point.  At a minimum the calendar should identify the research topic, timing, methodology, participant profile, and purpose.

Project alignment. Market research is frequently aligned by brand and the staff allocations for each brand are based on the product’s lifecycle and category.  The number of brands and markets and the number of products and complexity of these products in each brand will affect the staff and budget requirements. The research calendar will help you determine staff and budget requirements.

Market potential. A product’s market potential can influence the number of analysts assigned to a research project.  It is common for companies to have more analysts assigned to research projects related to larger brands or products with the greatest potential.  It helps to have a way to evaluate each research effort.  One way to do this is to use a 2X2 grid, with one axis for business/marketing value/ impact (high to low) and one axis for effort or investment (high to low). Those research efforts in the high value/impact quadrant should be prioritized first.  We often recommend tackling some of the easiest efforts first as a way to rack up some fast wins.
4. Once you have a product or service in mind that you're interested in selling, you need to work out its market potential. Essentially, the market potential is the total demand for a product in a specific market at a specific time, and it's often measured by sales volume or value.
5. I need to learn about business planning and market needs to apply it to my self and while doing it in the future i have knowledge to avoid mistakes.

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1. What is a market need?
Market needs refer to the functional needs, desires and goals of a target audience. A company may identify an area of the market with unmet needs and create a product or service that addresses them. If that audience has a large amount of need, the company may receive a significant profit.
2. How does market research help in determining market need?
Market research provides critical information about your market and your business landscape. It can tell you how your company is perceived by the target customers and clients you want to reach.
3. What are the basic factors to consider in the market research?
To analyze the number of companies that have products or services similar to those you want to offer, as well as the results they are obtaining. Another important aspect to consider is whether there is a market for your company or if you can offer something better or more innovative.
4. How do we choose a product/service to sell?
To succeed as an entrepreneur, you must develop the ability to select and offer the right products or services to your customers in a competitive market. More than any other factor, your ability to make this choice will determine your success or failure.
5.As a future entrepreneur, why do you need to study the business planning or identifying market needs?
To make sound decisions

As an entrepreneur, having a business plan helps you define and focus on your business ideas and strategies. You not only concentrate on financial matters but also on management issues, human resource planning, technology, and creating value for your customer.

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Cruz,Jan Patrick A. ABM TAN

1.A marketing concept that relates to the functional needs or desire of a target market.
2.market research can identify how costumers and potential customers might view your business and identify gaps in customer expectations.
3.goals, budget and people
4.consider the needs of your target costumer,also include your passion and capital.
5.it will be the guide for my business to grow

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1.) What is a market need?

- Market needs are the wants, needs, and interests of a company's desired buyers, or target customers that will benefit them. It could be a product or a service. This is also the basis for many businesses to know what to offer and give to their customers.

2.) How does market research help in determining the market need?

- Market research helps in determining market need by gathering information about other customers' needs and preferences, identifying potential buyers for our products or services, analyzing our competitors, and interpreting all these insights to make a better decision.

3.) What are the basic factors to consider in the market research?

- The basic factors we need to consider in market research are the size of the market, which refers to the population, to know what portion of the products or services to provide, the customer profile to know their needs, geographical and cultural elements that affect their values, and the segmentation of the markets to know how they are similar or different to each other.

4.) How do we choose a product or service to sell?

- The most important thing we can do before deciding what to sell is to think; we can also conduct market research. This will assist us in better understanding customers and the business world. And the more we think about a product or service before bringing it to market, the better our decisions will be. To make a product successful, you must be personally and emotionally invested in its success. We should be aware of the dangers. Once we've decided on a product or service, we must conduct a self-analysis by testing it.

5.) As a future entrepreneur, why do you need to study a business planning or identifying market needs?

- As a future entrepreneur, I need to study business planning or identifying market needs to be successful. It will minimize the challenges and risks that I am going to take on in my business. It will help me have an objective and goals that I can achieve profitably and efficiently. I am not the only one who will benefit, but also my target customers by providing satisfaction to them.

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Grade 11 ABM Tan
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1.Market needs  is product , cost / pricing , costumer and place ofcourse and also need to promote the product
2.It can be help to you to make your decision for your business new stategy or new ideas to make your customer satisfy
3.I think the 5 basic factor to consider in the market we have bugeting , data / survey, timing , audience and also you need set a goals before you start on your maket research
4.Consider the needs of your target costumers, the products that are in demand or trendy, also include your personal passion and capital.
5.As a future entreprenuer a businees plan it can be help to set your goals and to guide you

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1. Market need is the needs and demands of target customers.
2. It can help you decide to initiate a new idea or a new product. If your customers will like it or not based on its performance in the market
3. The number of companies that have the same product or services as yours.
4. Consider the demands and needs of your target customer.
5. Business planning can help me identify my possible problems and challenges in the future.

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1.)Marker needs inform organizations about what products develop,for what customers,at what cost through which distribution channels,reducing the uncertainly that a new product/service development always brings with it.
2.)Based on how competing items have fared in the market, you may determine whether a new idea for a business or product will suceed,that is,if buyers will find it compelling.
3.)You Must Analyze the number of businesses that offer comparable goods or service to what you wish to offer,as well as the outcomes those businesses are experiencing
4.)Identify or create a product that solves a problem, All good business prodyct should aim to solve a customers problem.This is an effective way of ensuring that people will want whatever you choose to sell.
5.)To have Knowledge about business and it can help me to identify my possible problems and challenges.

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1.the functional needs desires and goals of a target audience to pursue buying
2.to search for the best product to sell because if the product you sell is not salable product no one will buy it
3.product, price, promotion, place
4.the demand product and salable product
5.to grow my business

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1. market needs are the same thing as demand; the desires of the masses.
2. with market research, you can look at what the people want right now, or predict what the people will want based on previous research under varying conditions.
3. people, product and economic conditions.
4. know what the masses want (2)
5. because if you don't, you are an idiot and you will fail.