PRE-ASSESSMENT

Brainstorm and develop a list, culture, demography are some steps to take in generating a great business idea.

• TRUE

• FALSE

This concerns the physical location of a business.

• Culture

• Natural and Physical Environment

• Demography

• Economy

There is a phenomenon where a particular type of product is offered within the same area which is called clustering.

• TRUE

• FALSE

These advances in __________ result in efficiency and productivity at a lesser cost.

• Economy

• Demography

• Technology

• Government Regulations

The following are some ways on how to generate business ideas, EXCEPT.

• Personal Hobbies and Interest

• Problems that need solutions

• Books, magazines, news

• Demand for product