answer correctly Independent Activity 6: True or False1. Basic wants are things that are essential for us and our wellbeing.2. You can invent a new and improved product or service to replace the existing ones3. Automation opportunities is among the economic factors in PESTLE analysis.4. Improving or enhancing an existing product or service is known as innovation.5. The knowledge for the needs and wants can serve as a measure for the success ofyour business idea.Write TRUE if the statement is correct; write FALSE if it is incorrect.How do we find potential business opportunities?To be able to identify potential business opportunities that we can benefit from. Recall what you havelearned and fill in the blanks on the following statements:1. Basic reedsare desires, luxury, and extravagance that signify wealth and an expensive way of living2. It takes skills and talent to be able to recognize good businessthat 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)are things that are essential for us and our wellbeing. On the other hand,Nantswhether it is some new ideas(2)(3)(4)and (5)4. It very unlikely that you will have enough resources to pursue all of the business ideas that you have atonce. Hence, you have to5. When scanning the market, one can consider different factors, namely:factors,factors,factors.factors,factors,factors, and

1) Food, clothing, and a place to stay. These are referred to as basic wants or needs. There are a…

Answered: Independent Activity 6: True or False…

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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