TRUE OR FALSE Convenience are consumer products and services that customers usually buy frequently, immediately, and with a minimum of comparison and buying effort. *
TRUE OR FALSE Convenience are consumer products and services that customers usually buy frequently, immediately, and with a minimum of comparison and buying effort. *
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
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 Analysis is not a useful technique for understanding your Strengths and Weaknesses, and for identifying both the Opportunities open to you and the Threats you are faced with. *
Observing Trends creates opportunities for entrepreneurs to pursue. *
As an entrepreneur we should be action oriented. *
As leader we should encourage action. *
Asking what ifs will help you generate business ideas. *
Economic Environment centers on economic conditions. *
One of our aim is to identify trends, gaps, events, developments, and issues that will impact the businesses. *
A business idea is a favorable set of internal or external circumstances that creates a need for a new business. It usually presents itself as a gap to be filled: a need to be satisfied or a problem to be solved. *
Unsought products are consumer products that the consumer either does not know about or knows about but does not normally think of buying. *
The key factor that influences your product ideation and development is your dynamic mindset. *
Suppliers provide to the business such inputs as manpower, money, materials, machines, methods, information and so on. *
E means Economic forces. *
Every employee deserves Reward and promote innovative personnel *
Competitors are the ones who purchase the firm’s goods and services for their own consumption *
Would you agree that being an entrepreneur requires you to be curious and inquisitive? *
Entrepreneurial Creativity is not the creative habit of enterprise. *
Do not follow a milestone schedule. *
Stop in getting an idea to market. *
Minify changes the color, the shape, the size, and the scent. *
Entrepreneurial mindset influence our critical thinking and problem based learning. *