Entrepreneurs use several approaches to analyze market needs, encourage new idea generation, and recognize business opportunities. What are two of those approaches? What do those approaches entail? Which approach do you think is most effective?

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One approach that entrepreneurs use in this respect is to conduct survey analysis utilizing survey questionnaires that are mailed to random potential customers. The surveys contain questions pertaining to the needs of these potential customers, and the analysis of these questionnaires by entrepreneurs allows them to develop products that are in accordance …

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