To be able to identify potential business opportunities that we can benefit from. Recall what you have learned and fill in the blanks on the following statements: 1. Basic other hand, wealth and an expensive way of living 2. It takes skills and talent to be able to recognize good business. whether it is some new ideas that you want to experiment with or a previous idea that you want to develop. 3. There are different ways by which you may generate ideas for your business. These Lare things that are essential for us and our wellbeing. On the Lare desires, luxury, and extravagance that signify include: (1) (2) ; (4) (3). ; and (5).
To be able to identify potential business opportunities that we can benefit from. Recall what you have learned and fill in the blanks on the following statements: 1. Basic other hand, wealth and an expensive way of living 2. It takes skills and talent to be able to recognize good business. whether it is some new ideas that you want to experiment with or a previous idea that you want to develop. 3. There are different ways by which you may generate ideas for your business. These Lare things that are essential for us and our wellbeing. On the Lare desires, luxury, and extravagance that signify include: (1) (2) ; (4) (3). ; and (5).
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
Related questions
Question
Transcribed Image Text:Let us now generalized our
learnings! We have
What I Have
Learned
encountered different
conçepts in this
moduſe.
How do we find potential business opportunities?
To be able to identify potential business opportunities that we can benefit from.
Recall what you have learned and fill in the blanks on the following statements:
Lare things that are essential for us and our wellbeing. On the
Lare desires, luxury, and extravagance that signify
1. Basic
other hand,
wealth and an expensive way of living
2. It takes skills and talent to be able to recognize good business_
whether it is some new ideas that you want to experiment with or a previous
idea that you want to develop.
3. There are different ways by which you may generate ideas for your business.
These
include:
(1)
(2)
; (4)
(3)_
L; and (5).
4. It very unlikely that you will have enough resources to pursue all of the
business ideas
that
you
have at
once.
Hence, you
have
to
5. When scanning the market, one can consider different factors, namely:
factors,
and
_factors,
_factors.
_factors,
_factors,_
_factors,
Let us now apply the
What I Can
competencies that we have
Tearned by generating our
Do
own business ideas.
Finding the Best Business Idea
Consider the results of the interview with your household members. Using the
data that you have generated; think of five potential business ideas/opportunities
that you think would click within your community. Rank these ideas from 1st to 5th
place in being the best business idea.
Business
Ranking
Idea:
1.
2.
3.
4.
5.
Additional
Here is an additional activity
Activities
that you can utilize to boost
your learnings.
Defining PESTLE
You have learned how different environmental factors can affect the market
and the business idea that you have. Let us now check how much have you
understood of this concept. Using your own words and understanding, define and
give at least three
(3) examples for each PESTLE factor.
Political Factors
Definition:
Examples:
Economic Factors Definition:
Examples:
Social Factors
Definition:
Examples:
Technologica
I Factors
Definition:
Examples:
Legal Factors
Definition:
Examples:
Environmenta
Definition:
I Factors
Examples:
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