Judging Market Adequacy
CMAT 2022 · Innovation & Entrepreneurship · Medium · Feasibility Analysis
Which one of the following factors is not relevant for judging the adequacy of market?
- A.
Total Present Domestic Market
- B.
Competitors and their market shares
- C.
Export Market
- D.
Labour Market
Answer
D
Explanation
Judging market adequacy involves assessing customer demand, present domestic demand, export market potential, and competitor shares. Labour market deals with supply of human resources, not customer market adequacy.
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