What's InGuide Questions:1. What are the considerations taken in venturing into a new business?2. What are the risks involved in venturing into a new business? (e.g. restaurantbusiness).3. Is there a market for the product/services you want to offer?4. Are the products/services you plan to offer basic necessities or not?5. Can you identify the players in the industry?6. What are the salient features/competitive edge of the product/services yourplan to offer?7. Do you have the managerial competence and technical expertise to run thebusiness?8. Do you have distribution channels by which you can sell you products/services?9. Do you have the financial resources to start and operate the business?

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Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter4: Choosing A Form Of Business Ownership

Section: Chapter Questions

Problem 6DQ

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If you're an Entrepreneur, how will you recruits, retools, reviews, and rewards people. How about the other Rs (resonating, retaining, routing, and recycling) which are not commonly discussed?
1. Write 2 products/services you want to pursue if you become an entrepreneur. 2. Identify your target market by answering the following question in the box provided below. a. WHO are your target customers? b. WHY are you targeting those people? c. WHAT is your goal in targeting these customers? Product/Service Target Market Who: 1. What: Why: Who: 2. What: Why:
In General, there are FIVE (5) common traps that look attractive to entrepreneur by some criteria but often are fundamentally flawed” By referring to any industry familiar with, kindly explain and apply the FIVE common traps in business.
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1) a. There is a new University built in your area. Write down six (6) opportunities you can take as an Entrepreneur to serve this University community to generate impressive wealth. b. Choose one of those opportunities you have identified in (la) and write a business plan as an Entrepreneur for financial support from an investor.
The following are the fundamental questions to consider when starting a business EXCEPT: Do you have a viable concept? Is the reason you want to start a business consistent with your character and concept? Do you know how to run a business? Do you have what it takes? 3
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The process of starting a new business can be difficult, especially when you are trying to break through the fear and confusion. We live in a world where we have an endless amount of opportunities, and it can be quite overwhelming to start looking at all the different options that are available to you. You may also feel like all business ideas have been done before and that you’ll never be able to come up with something that is unique and that would be successful. From the above scenario, we realized the challenge and opportunity in creating a new business venture in UNITEN. Using your own words, justify the following QUESTIONS: 1. Justify TWO (2) challenges to be considered when coming up with a new business idea in UNITEN. 2. Provide your own VISION and MISSION to start a new venture. 3. Describe ONE (1) passion in starting the new entrepreneurship
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Choose a present/existing company and answer the following questions: 1.What product/services that you have recently purchased to the company? 2.On the product that you have chosen, do you feel satisfy on your purchase? Yes or No? and your reason. 3.Do you encounter problems with your chosen product? Yes or No? if yes what is it? 4.Where you able to report your complaints to the company? If yes? How did you call their attention? 5.How will the company improve its services/products for their customers?
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