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Instructions: Choose the correct term or phrase from the given options that completes the following phrases or sentences.
1.Developing a ______________ is a comprehensive paper that details the marketing, operational, human resource, financial, strategic direction, and tactics of the business.
2._____________ are a special form of product that consists of activities, benefits, or satisfactions offered for sale that is intangible and does not result in the ownership of anything.
3.A _____________ is a tangible item that is put on the market for acquisition, attention, or consumption. At the same time, a service is an intangible item, which arises from the output of one or more individuals.
4.______________ are the named and unnamed needs of customers when they come in contact with the different business establishments or when they search for the solutions which businesses provide.
5.The _____________ is a step-by-step procedure in establishing any kind of business that an entrepreneur has to undergo. It is composed of four aspects.
6.The ________________ of product includes services, events, persons, places, organizations or even ideas
7._______________ is the part where the entrepreneur should use the resources allocated for the new venture. The business plan prepared in step 2 should already have been implemented. All aspects of the business plan should be critically observed from operations, marketing and sales, human resources, finance, and strategy implementation.
8.Opportunity spotting and assessment - __________________ at this point take note of interesting trends in their environment. Consumers are reliable sources of opportunity information because market needs originated from them.
9.Determining the ____________ - it is mandatory in the entrepreneurial process to calculate the resources needed to establish the business and compare this against the entrepreneurs’ current resources.
10.Providing superior ______________ means meeting customers’ needs by providing them with the products and services they want or by providing effective solutions to their problems.
CHOICES:
BUSINESS PLAN
PRODUCT
CUSTOMER NEEDS
CUSTOMER SERVICE
ENTREPRENEURIAL SERVICES
SERVICES
BROAD DEFINITION
RUNNING THE BUSINESS
ENTREPRENEURS
CAPITAL NEED
Sagot :
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