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Sources of opportunity idea map
My business idea is to become an author.
What are the three existing products?
Step by step
Solved in 2 steps
- Sources of opportunity idea map My business idea is to become an author. What are the three problems?Sources of opportunity idea map My business idea is to become an author. What are the three internal sources?Promising new product ideas should be identified and impractical ones eliminated in the this stage, allowing maximum use of the company's resources. Select one: a. Idea Stage b. Product Development Stage c. Concept Stage d. Test Marketing Stage Finally, these are very important in decision to form a company. An area with an entrepreneurial pool and a meeting place where entrepreneurs and potential entrepreneurs can discuss ideas, problems, and solutions spawns more new companies than an area where these are not available. Select one: a. Family b. Peers c. Cultural/subcultural d. Teachers Which of the following proactive strategies pushes your product into the take-off stage? Select one: a. Increasing the price range of your product b. Developing a marketing message c. Leaving the features of your product as is d. Getting the testimonials from future customers
- 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…WHICH OF THE FOLLOWING IS NOT A WAY TO IDENTIFY AN OPPORTUNITY? a.Trying out alternative uses of existing products b.Observing trends c.Solving a problem d.Finding gaps in the marketplaceThe largest number of new product ideas isrejected during this phase.a. Concept testingb. Screeningc. Test marketingd. Idea generatione. Business analysis
- 50- Which one of the following is not included in the development of the sales strategy of a company? a. Control b. Implementation c. Planning d. Objection handlingWhich step is not a part of the Connect Model? Select one: A.Track It B.Optimize safety C.Change one’s own behaviour D.Expand to more than one issue E.Neutralize defensivenessAssume that you are working in the marketing department of a major manufacturer of athletic shoes. Your firm is introducing a new product, a line of disposable sports clothing. That’s right—wear it once and toss it! You wonder if it would be better to market the line of clothing with a new brand name or use the family brand name that has already gained popularity with your existing products. Make a list of the advantages and disadvantages of each strategy. Develop your recommendation.
- 1. What is/are the best way to get new idea from customer? How this/these can be effective? 2. In determining the ways on how to attract customers through packaging, entrepreneur see to it that it is with pleasing perspective. Think of a tangible product that you can offer as an entrepreneur and create/design your own packaging.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…The second phase, idea generation, serves the identification of potential business model innovations and the systematic generation of ideas. Select one: a. True b. False