It is where the entrepreneur idealize where and how he will market his product/service. O a. Opportunity Spotting and Assessment O b. Screening O c. Seizing O d. Seeking
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![It is where the entrepreneur idealize where and how he will market his product/service.
a. Opportunity Spotting and Assessment
b. Screening
O c. Seizing
O d. Seeking](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ca2348d-5b68-428f-a146-415cb6841fd6%2F7db92d20-0166-45f5-8085-904fdea684a5%2Fldx453i_processed.jpeg&w=3840&q=75)
![During this time of pandemic, many businesses stop operating. Many people are unemployed and lesser
enterprises. What benefit of entrepreneurship is being stated?
a. Amplifies economic activities of different sectors of society.
b. Controls the local wealth and balances regional development
O c.
Produces more jobs
O d. Elicits economic independence and capital information](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ca2348d-5b68-428f-a146-415cb6841fd6%2F7db92d20-0166-45f5-8085-904fdea684a5%2Fwsxlcfm_processed.jpeg&w=3840&q=75)
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- Creative Homework/Shorr Projecr Assume that youare employed in the marketing department of a firmthat is producing an electric scooter. In developing thisproduct, you realize that it is important to provide acore product, an actual product, and an augmentedproduct that meets the needs of customers. Developan outline of how your firm might provide these threeproduct layers in the electric scooterPart 1: Conduct research about a U.S. automotive and manufacturing industry and include all required information in the rubric. Part 2: Conduct research about the industry and specific real world company you selected in week one to obtain data ( Remember the industry and company does not have to be within the automotive and manufacturing industry). Include a Porter's Five Forces diagram. Please select an industry and company that interest you as you will continue to conduct resesrch on the industry and company throughout the course. Part 3: Compare the U.S. automotive and manufacturing industry to the industry and company you selected. Remember to include a Porter's Five Forces diagram comparing both industries and summarize the findings.TRUE OR FALSE Convenience are consumer products and services that customers usually buy frequently, immediately, and with a minimum of comparison and buying effort. * Environmental scanning is an analysis and evaluation process that businesses use to understand their current environment. * A business opportunity is a thought, impression, or notion of a business venture that could fill the gap; that is, satisfy a perceived need or solve a perceived problem. * When carrying out your SWOT Analysis, be realistic and careless. * Designing Mind is willing to experiment, to try new ideas over and over again, and learn from mistakes. * An ’invention’ is accomplished only with the first commercial transaction involving the new product, process, system or device * Product is the need-satisfying offering of a firm * Innovation Is a key function in the entrepreneurial process. * SWOT…
- 4. How easy will it be for others to enter the market and provide the same product or service? a. Describe your business model. How do you imagine your business operating to create and deliver value to customers? b. Give highlights of how your business will be organized to make it effective and efficient in delivering customer value. c.Briefly describe the strategies your business will employ, e.g. d. Production strategy e. Marketing strategy – including pricing, promotion, and distribution. f. How will you deploy your resources, especially human resources to achieve the business goals?The major activity in strategic planning is and businesses that make up the company. whereby management evaluates the products a. breakeven analysis O b. business portfolio analysis c. prospecting O d. SWOT analysis O e. benchmarking here to searchWhen a firm provides a specialized product or service for a narrow target market better than competitors, they are using a: a. market niche strategy. b. process efficiency strategy. c. product differentiation strategy. d. mass customization strategy. All of the following are considered primary activities of a firm except: a. sales and marketing. b. procurement. c. outbound logistics. d. inbound logistics.
- A small chain of bagel shops currently prices its bagels at $0.99 apiece. The manager of the chain recognizes the value of price segmentation and is considering how he might charge lower prices to his high-volume customers. A. Design an order-discount pricing structure that could accomplish this price segmentation. B. Design a cumulative-purchase discount structure to accomplish this price segmentation. C. Design a two-part pricing structure to accomplish this price segmentation. D. Would the manager have to choose among the three discount structures described in Parts (a) through (c), or would he be able to do all three? Justify your view on this.Driving-forces analysis typically does not include determining whether forces are acting to make competition more or less intense. O determining whether forces are acting to strengthen or weaken market demand. ○ determining whether forces are acting to cause fundamental changes in industry conditions and/or the industry's competitiveness. ○ determining whether forces are acting to cause industry rivals to shift to a different strategic group. ○ determining whether forces are acting to raise or lower industry profitability.Name and discuss 3 primary types of objections customers typically raise: 1. Price objection: Customer believes quoted price is too high. 2. Product Objection: Customer voices concerns about some element of product or service or customer might not be familiar with the product. 3. Time objection: Customer considering buying, but needs more time or customer has no intention of buying and wants to get rid of salesperson. Imagine you are newly employed as an Assistant Vice President (AVP) of Corporate Sales at a marketing organization. In the upcoming week, your team will be hosting a presentation for a new line of Tennis Rackets for 75 prospects. As you are aware, prospects are going to raise objections about this product. Using the compensation technique (admits the objection is valid but also discusses other benefits). and the acknowledgment technique (admits the objection is valid) discuss how one can apply these techniques to overcome objections. Why? Please be mindful to use…
- The use of ratios and trends to assess the performance of a company is called:a. Business analysis.b. Financial analysis.c. Business valuation.d. Market valuation.Discuss four reasons why some organizations fail to conduct need assessent as thoroughly as they need to before the development and delivery of a training program check_circle Expert Answer Step 1 A needs assessment is essential because it supports a company to manage the ways that are hindering it from arriving at its craved purposes. Step 2 Given below are the four reasons that show why some organizations fail to manage need assessment as completely as they need to before the development and delivery of a training program- Require Judgement Time-consuming Misunderstanding about assessment Incapability to determine the uses of assessment Step 3 Need Assessment needs an understanding of the different parameters that are going to affect the organization in the future or are already affecting it. Judgment should be accurate in all manner which can be done only through proper analysis and evaluation. But in actuality, managers and employees think that it takes more…Please answer A-C with the most true answer. A. Which of the following is most closely associated with return on assets? a. The cost of equity b. The proportion of debt and equity in the company’s capital structure c. The prime lending rate d. The average operating assets of the company B. Which of the following is most closely associated with expenses? a. Product (value propositions) design(s) b. Average operating assets c. Proportion of debt and equity in the company’s capital structure d. Equity risk premium C. Which of the following is most closely associated with the cost of debt? a. Non-operating expenses b. Risks specific to the company c. The long-term bond yield d. Prime lending rate
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