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Learning Task#3
DIRECTION: Write TRUE if the statement is correct and FALSE if otherwise.

1. SWOT Analysis is subjective.

2. SWOT Analysis should always be specific.

3. One can improve the materials used in crafting the product.

4. Needs for the products and services are referred to as product.

5. Very often, the products are sold in a form that cannot be enhanced or improved,

6. When you are improving the product or enhancing it, you are doing an innovation.

7. The Internet serves as a library where you may browse and surf on possible businesses.

8. You can also do an invention by introducing an entirely new product to replace the old one.

9. In generating a business idea, you should first identify the type of business suited to your business idea.

10. Business ideas may also be generated by examining what goods and services are sold outside by the community​

Sagot :

Bukabooidn

Answer:

Answer:

1. TRUE

2. TRUE

3. TRUE

4. FALSE

5. FALSE

6. TRUE

7. TRUE

8. TRUE

9. TRUE

10. TRUE

Explanation

1. To significantly impact company performance, business decisions must be based on reliable, relevant and comparable data. However, SWOT data collection and analysis entail a subjective process that reflects the bias of the individuals who collect the data and participate in the brainstorming session.

2. SWOT should always be specific. Avoid grey areas. Stay focused on the topic being analyzed, in this case, the workforce. Always apply SWOT in relation to your competition, i.e. better than or worse than your competition.

3. Can one improve the materials used in crafting the product? YES, ofcourse all can improve the materials used in crafting the product by they're self (but its more recomended to improve it with help on others.)

4. MARKET DEMANDS:, needs for the products and services are reffered to MARKET DEMANDS.

5. No, Products are sold in a form that can be enhanced and improved.

6. Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity realizing or redistributing value".

7. Yes, Because it is really useful especially now times of pandemic, it became library not only in business but in education too.

8. -

9. Yes, this is very important to first identify the type of business suited to your business idea.

10. -

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