What Challenges are Associated with Market Reassessment?
Market reassessment can be challenging due to:
Data Overload: The vast amount of data available can be overwhelming, making it difficult to focus on the most relevant information. Changing Variables: Market conditions and consumer preferences can change rapidly, making it hard to keep up. Resource Constraints: Conducting a thorough market reassessment can be resource-intensive, requiring time, money, and skilled personnel. Bias and Assumptions: Preconceived notions and biases can affect the objectivity of the reassessment process.