Answered: What is the market problem? Give three…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Please give another answer It’s something like about food, answer also the product. whne you answer the give three opportunities etc. (your answer must have explanation) then when you answer the opportunities make sure that “what will be the product” “what will be the brand…”is connected from market problem to best opportunities thank you I hope y’ll understand.

Transcribed Image Text:The learner independently or with his/her classmate's presents an acceptable detailed business plan. MELCS: Analyze the market need; Determine the possible product/s or service/s that will meet the need; Screen the proposed solution/s based on viability, profitability, and customer requirements; and You and your friends are planning to start a business. To start your business, your team must need to conduct opportunity spotting and assessment. Assuming that your potential investors will evaluate your output based on content, clarity and relevance of the product to the identified market problem. In your respective municipality or locality, seek, screen and seize your opportunities that drives you to become entrepreneur by establishing and implementing a simple business. Complete Address (per member complete address): To do this activity, follow the given guide questions: Question What is the market problem? Give three opportunities that will address the problem. a) b) c) Select the best opportunity and explain why you chose it (From listed opportunities select the best product or service that will meet the market need by considering availability of your resources. And list all the needed resources (ingredients, budget fund, target market,) What will be the product? What would be its brand/ product name?

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