the market forecast for beauty products is to go from $22.1 billion a year in 2017 to $28.7 billion by 2020…

the market forecast for beauty products is to go from $22.1 billion a year in 2017 to $28.7 billion by 2020. why is that useful information for an entrepreneur looking to market a beauty - related business? (1 point) it suggests that there will be a lot of room for new businesses. it guarantees that any beauty - related business will do really well. it indicates that beauty products for men will see exponential growth. it means that the government feels consumers should spend more on beauty products.

the market forecast for beauty products is to go from $22.1 billion a year in 2017 to $28.7 billion by 2020. why is that useful information for an entrepreneur looking to market a beauty - related business? (1 point) it suggests that there will be a lot of room for new businesses. it guarantees that any beauty - related business will do really well. it indicates that beauty products for men will see exponential growth. it means that the government feels consumers should spend more on beauty products.

Answer

Brief Explanations:

The growth in market size from 2017 - 2020 implies an expanding market. An expanding market typically has more room for new entrants as demand is increasing. There's no guarantee of business success, no indication of men - specific product growth, and no connection to government opinion.

Answer:

It suggests that there will be a lot of room for new businesses.