Why do demographic shifts and technological developments create both challenges and new opportunities for business? Cite examples for challenges and opportunities to support your answer.
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- Discuss, How can entrepreneurs stay up-to-date with industry trends and changes?Why do demographic shifts and technological developments create both challenges and new opportunities for business?The picture is an illustration of targeting potential market and a potential market need. To identify your new potential markets, you consider every target demographic that you currently sell, as well as those which are not yet targeted. Consider yourself as an entrepreneur and ask the following questions. 1. What other products do my customers need now? 2. What related products will they need in the future? 3. Who else could make use of the products I am selling now? 4. What demographic information do I have with my current customers?
- Can you provide an example of how the internet has helped to improve a certain aspect of business? Have an example handy, and how would you rate its commercial viability?What is the importance of viability, profitability, and customer to business?What impact does the "graying of America" have on business in terms of their product or service offerings? What products and/or services might be negatively -or positively- affected by this demographic shift?
- Answer the following questions: 1. What are the traits needed by businessmen in order to save more money? 2.How can a business help you achieve savings? 3. How can a business help you achieve savings? 4. Why is it important for business to think beyond profit? 5. Why establishing a business can help the community? 6. How can we generate job opportunities through creating a business?"Entrepreneurs have built successful companies by being able to exploit unmet needs in the market.” Considering the situation, describe the competencies that will be needed by entrepreneurs for starting a startup in today’s era?Choose three businesses with whom you conduct business in various sectors, such as banking, retail, airlines, or package delivery. How does IT in each business engage you, keep you informed, or provide a one-of-a-kind customer experience? How successful is the employment of digital technologies in maintaining your loyalty as a customer?
- One of the most successful business models is the franchise, but it didn't originate with McDonald's. Sir Harold Evans describes the remarkable story of a beauty salon that allowed hundreds of women to own their own businesses. here's the link https://www.youtube.com/watch?v=Ie8qJuXYN7w&t=5s 1. The expansion of Martha Harper’s franchising idea today drives half of all retail sales in America. This means one woman has had a really remarkable effect on America’s economy. So why is she relatively unknown? How did Harper provide a distinctive experience for her customers, franchise owners, and employees? What are her other legacies, in addition to her franchising idea? Martha Harper was sent away at age seven by her father to work as a domestic servant, her profession for 25 years until she saved enough money to start her own business. Can you think of another entrepreneur or public figure with a similar rags-to-riches story? Describe with at least 1 reference in APA style.…Which statement is true? Explain your answer. 1. All businesses are enterprises 2. All enterprises are businessesSearch for the following persons on the internet. What did they solve? State your answers straight to the point. This subject is entrepreneurship 1. Mark Zuckerberg 2. Larry Page and Sergey Brin 3. Ryan Blair 4. Dr. Dre