IS MOuue Will aiscuss the proper and efficient ways of starting a business. You willbe introduced to the entrepreneurial process, which starts with identifying andevaluating the opportunity. The heart of this module is the scanning of the marketingenvironment where you formulate a product or service 'solution applying the techniquesof seeking, screening, and seizing opportunities. As a result, you will deal with analyzingthe need of the market, think of the potential set of products or services that will meetthe need, assess the feasibility of the solution, and select the best product or servicethat will address the need.PRE-ACTIVITY.Directions: Answer the following.1. In a scenario where you are creating a product to selI, what are the things thatyou'need to consider? Why?2. What are the role of your neighbors, friends, family members and the communityif you are going to iput up a business?3|Page

Since you have asked multiple questions, we will solve the first question for you. If you want any…

Answered: 1. In a scenario where you are creating…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

1. State and explain five key characteristics of entrepreneurs. 2. Examine the sources of Entrepreneurial Ideas 3. Outline and explain the factors that influence an entrepreneurial decision process 4, List and describe three methods of gathering data for a Marketing Research
Discuss any three (3) types of attractors and where possible give examples to show how these attractors operate and assist business to achieve their goals.
1. What are the differences between traditional and entrepreneurial marketing? 2. How does a marketing plan help an entrepreneur? 3. How does customer service impact sales of a new business?
It Ways Of starting a business. You will U Die entrepreneurial process, which starts with identifying and evaluating the opportunity. The heart of this module is the scanning of the marketing environment where you formulate a product or service solution applying the techniques of seeking, screening, and seizing opportunities. As a result, you will deal with analyzing the need of the market, think of the potential set of products or services that will meet the need, assess the feasibility of the solution, and select the best product or service De that will address the need. • PRE-ACTIVITY Directions: Answer the following. 1. In a scenario where you are creating a product to sell, what are the things that you need to consider? Why? 2. What are the role of your neighbors, friends, family members and the community if you are going to put up a business? 3 |Page
As would-be Entrepreneur, you are tasked to write down at least 3 career opportunities which attract you most. Indicate what competencies you need to enhance in order to become successful in these opportunities. Write your answer in the space provided.
You are an artist-entrepreneur and you would like to incorporate contemporary art in your business . Think of innova- tive ways to incorporate contemporary art in your business . Write a business plan that describes how the use of con- temporary art will help your business. Your business plan will be read by your business partners.
Conduct a viability study on a laundry business opportunity you foresee or have heard about.
choose correct answer In the twentieth century Joseph Schumpeter expanded the previous definition of J.B. Say thatan entrepreneurship is about:(a) Opportunity finding (b) Opportunity exploitation(c) Innovation In an enterprise, (d) All
what is the importance of identifying opportunities in the market before starting up a business? Why is there a need for the entrepreneur to clearly identify and define the customers of their proposed business venture?
As would-be Entrepreneur, write down 3 career opportunities which attract you most. Indicate ehat competencies you need to enhance in order to become successful in these opportunities
As would-be entrepreneur, you are tasked to write down at least 3 career opportunities which attract you most. Indicate what competencies you need to enhance in order to become successful in these opportunities. Explain your answer.
What are the different sources of business opportunities? How do we uncover or discover each of them? How do we deal with different/ many opportunities?

SEE MORE QUESTIONS

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS

1. In a scenario where you are creating a product to sell, what are the things that you'need to consider? Why? 2. What are the role of your neighbors, friends, family members and the community if you are going to iput up a business?