To be a First Mover in a business, you should do market analysis.

Do you agree or disagree

with the statement ?

Market analysis is one of the most important things to do in building a business.

Market analysis is not only carried out to determine the amount of potential profit that can
be achieved, but the analysis also includes various factors such as consumer needs,
potential competition and loss factors.
As first movers in business, it is appropriate for us to conduct a market analysis to
calculate whether the product that we are going to offer is indeed a new product or there is
already a similar product on the market, in addition to analyzing what needs to be added to
the product so that it is welcomed by the public. buyers in the market.
So I totally agree with the statement To be a First Mover in a business, you should do
market analysis. Because we never know what products are already on the market and what
kind of products are wanted by buyers, and one more thing that is very important is with
market analysis as well as the basic material for developing products that we will sell later to
suit the wishes of consumers.