TLE 10 - PEC & GEN. BUS. IDEAS

This can help you develop a strategy to achieve success in a project or a personal development goal.

• Market

• Case study

• Skills

• SWOT

Risk-taking is under on this cluster of Entrepreneurial Competencies.

• Achievement

• Planning

• Power

The success of a business enterprise also depends on the efficiency of its employees.

• True

• False

One good example in Strength under the SWOT Analysis is the presence of good-quality schools and training centers.

• True

• False

The following are factors or resources in selecting business idea except for

• Technology

• Manpower

• Case Study

• Suppliers

The process of conceptualizing, designing, creating, producing, introducing, and delivering new products and services to consumers or improving on the old.

• Generating business idea

• Product Development

• Business Analysis

• Commercialization

It involves continuous search for new product opportunities.

• Generating a new product idea

• Screening ideas

• Business analysis

• Market tests

Product Development has five stages.

• True

• False