ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Assess consumer needs over time to aid new product development
|
|
Financial document that shows the assets, liabilities, and owner’s equity for a business
|
|
|
Market trends
|
|
|
Identify markets that share certain identifiable need that is to be satisfied
|
|
|
Target Markets
|
Explanation:
Detailed explanation-1: -1. Idea Generation. The new product development process begins with idea generation, where you brainstorm an idea (or ideas) that will help you solve an existing customer problem in a new and innovative way.
Detailed explanation-2: -Market research is the process of evaluating the viability of a new service or product through research conducted directly with potential customers. Market research allows a company to define its target market and get opinions and other feedback from consumers about their interest in a product or service.
There is 1 question to complete.