Podcast
Questions and Answers
What section of the market analysis provides an overview in just one paragraph?
What section of the market analysis provides an overview in just one paragraph?
- SWOT Analysis
- Market Overview (correct)
- Target Market Analysis
- Competitive Landscape
Which type of business model involves converting raw materials into products?
Which type of business model involves converting raw materials into products?
- Franchise
- Consulting
- Manufacturing (correct)
- Retail
In the SWOT Analysis, which factors are considered external and could raise profit?
In the SWOT Analysis, which factors are considered external and could raise profit?
- Weaknesses
- Opportunities (correct)
- Threats
- Strengths
Which type of business model involves a service that requires monthly payments, like Netflix or Spotify?
Which type of business model involves a service that requires monthly payments, like Netflix or Spotify?
What is the main purpose of the Recommendation section in a market analysis?
What is the main purpose of the Recommendation section in a market analysis?
Which part of the market analysis focuses on analyzing internal factors that could affect profit?
Which part of the market analysis focuses on analyzing internal factors that could affect profit?
What is a key skill set needed for an entrepreneur to succeed?
What is a key skill set needed for an entrepreneur to succeed?
Which type of customer makes purchases only when materials are needed?
Which type of customer makes purchases only when materials are needed?
What does competitive advantage refer to in business?
What does competitive advantage refer to in business?
What does cost-leadership strategy in establishing a competitive advantage involve?
What does cost-leadership strategy in establishing a competitive advantage involve?
Which component of competitive advantage involves developing a unique product or service that competitors can't replicate?
Which component of competitive advantage involves developing a unique product or service that competitors can't replicate?
What type of customer makes purchases based on sales seasons?
What type of customer makes purchases based on sales seasons?
What is the main focus of the Cost Focus strategy mentioned in the text?
What is the main focus of the Cost Focus strategy mentioned in the text?
How is a customer classified in the context of Market Analysis as per the text?
How is a customer classified in the context of Market Analysis as per the text?
Which question should be answered by conducting a Market Study, according to the text?
Which question should be answered by conducting a Market Study, according to the text?
What is the purpose of drawing graphics of customers in Market Analysis?
What is the purpose of drawing graphics of customers in Market Analysis?
In Market Analysis, what does 'Differentiation focus' involve?
In Market Analysis, what does 'Differentiation focus' involve?
What is the key aspect of Market Identification based on the text?
What is the key aspect of Market Identification based on the text?
What does a trademark or service mark represent?
What does a trademark or service mark represent?
Which type of intellectual property protects the visual appearance of a product?
Which type of intellectual property protects the visual appearance of a product?
What does a patent grant to an inventor?
What does a patent grant to an inventor?
What is the purpose of protecting undisclosed information?
What is the purpose of protecting undisclosed information?
What does a geographic indication identify?
What does a geographic indication identify?
In terms of intellectual property, what is the purpose of layout design of integrated circuits protection?
In terms of intellectual property, what is the purpose of layout design of integrated circuits protection?
What is the purpose of a Subscription box service?
What is the purpose of a Subscription box service?
What is the main function of Intellectual Property Rights?
What is the main function of Intellectual Property Rights?
What did the passing of RA 8293 in 1997 signify for the Philippines?
What did the passing of RA 8293 in 1997 signify for the Philippines?
Which concept grants creators exclusive rights to their original work for a limited time?
Which concept grants creators exclusive rights to their original work for a limited time?
What is the purpose of Fair Use exception to copyright?
What is the purpose of Fair Use exception to copyright?
What are Copyright and related rights intended to do?
What are Copyright and related rights intended to do?
