10 Questions
Which element allows an entrepreneur to choose products under an overall plan?
Basic business idea
What is the term used to describe long-term thinking in business?
Basic business idea
In the examples given, what can a unit with a basic business idea of packaging manufacture?
Different sizes of plastic packages
What does the product line consist of?
Different families of products
Which source is listed as one of the ways to generate new ideas for products or services?
Research and Development
What should potential entrepreneurs pay close attention to when developing a new product or service idea?
The potential consumer
'Product range' includes different sizes of the product within which level?
'Product line'
'Consumers' are listed as one of the sources of new ideas due to their influence on:
'Existing Companies'
'Existing Companies' are mentioned as a source of new ideas because they have insights into:
'Consumers'
'Distribution Channels' are highlighted as a source of new ideas for products due to their knowledge about:
'Consumers'
Test your knowledge on the importance of education, experience, and people in business success. Explore how education and experience play a role, and the significance of having the right people in your team.
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