Alec came to the United States on a swimming scholarship. After a few months of frustration with trying to find the swim goggles he prefers from nome, he created a website that sells specialty goggles for swimming, skiing, and snowboarding. Before launching the website and filling orders, Alec spent a few months going to swim meets and gathering preferences about goggles from other international swimmers. Alec's actions Multiple Choice showed that he had a ready market for this product. showed that he was promoting the website before it launched. demonstrated that he had little experience with this product. demonstrated his need to better understand the market.
Alec came to the United States on a swimming scholarship. After a few months of frustration with trying to find the swim goggles he prefers from nome, he created a website that sells specialty goggles for swimming, skiing, and snowboarding. Before launching the website and filling orders, Alec spent a few months going to swim meets and gathering preferences about goggles from other international swimmers. Alec's actions Multiple Choice showed that he had a ready market for this product. showed that he was promoting the website before it launched. demonstrated that he had little experience with this product. demonstrated his need to better understand the market.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Alec came to the United States on a swimming scholarship. After a few
months of frustration with trying to find the swim goggles he prefers from
home, he created a website that sells specialty goggles for swimming,
skiing, and snowboarding. Before launching the website and filling orders,
Alec spent a few months going to swim meets and gathering preferences
about goggles from other international swimmers. Alec's actions
Multiple Choice
showed that he had a ready market for this
product.
showed that he was promoting the website
before it launched.
demonstrated that he had little experience
with this product.
demonstrated his need to better
understand the market.
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