ENTREPRENEURSHIP

The _________________ conceptualizes and designs a product that consumers find some use for.

• creative mind

• technical mind

• business mind

• magical mind

It is the technology originator.

• magical mind

• creative mind

• business mind

• technical mind

It harnesses the potentials of new products by creating the market space for them.

• technical min

• business mind

• magical mind

• creative mind

The two processes allowed the entrepreneurs to conclude that except:

• there was a good demand for the product

• the product could be improved by lessening the oil, enhancing the taste, and coming up with a better package

• the product could not be improved by lessening the oil, enhancing the taste, and coming up with a better package

• customers could buy a bigger volume if the prices were lower:

From the taste test and interviews of FGO buyers, the entrepreneurs plunged into the product development stage. This consisted of three parts except:

• Preliminary Testing

• Standardization of the Production Process

• Establishment of Specifications for the Product

• Final Testing

The third phase of product development involved the standardization of the entire food preparation and cooking process.

• Standardization of the Production Process

• Establishment of Specifications for the Product

• Preliminary Testing

• Final Testing

the entrepreneurs consulted food experts and read the literature on food processes.

• Preliminary Testing

• Final Testing

• Establishment of Specifications for the Product

• Standardization of the Production Process

This refers to the personality required to a worker's traits, manners, values, the way he talks, appearance and his overall physical attributes.

• Manpower

• Business Mind

• Experience

• Academics

This refers to the length of working experience in relation to the job criteria required as a worker, and also that a worker applied for.

• Manpower

• Experience

• Academics

• Business Mind

This refers to the workers' academic qualifications or the educational attainment required to perform the job better.

• Academics

• Experience

• Manpower

• Business Mind