ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -HOBBY: An activity you do when you’re not working. COMPLAINTS: Expressing unhappiness. EXHIBITION: EXPERIENCE: BRAINSTORMING: SURVEY: MASS MEDIA:

Detailed explanation-2: -The following approaches to generate business ideas can be used by an entrepreneur while exploring the different sources of business ideas: (i)Brainstorming. (ii)New ways of doing old things. (iii)Converting hobby into business. (iv)Improving an existing product.

Detailed explanation-3: -ANSWER:) Consumer is not a source of idea generation.

Detailed explanation-4: -Sources of Idea Generation Employees and the research & development department of the company are great internal sources. Whereas, external sources are also very helpful. These are customers, suppliers, competitors, distribution channels, government, educational institutions, and focus groups.

Detailed explanation-5: -Past Work Experience: Hobbies and Interests: Strengths and Abilities: Friends and Family: Distribution Channels: Travel: Books and Magazines: Current Trends: More items