CNHS TLE-CSS 10 FIRST QUARTER EXAMINATION

Nadine delivers her product to it's new investor effectively and efficiently and gain their trust. She shown what particular entrepreneurial characteristics?

• Excellent planner

• Has the initiative

• Sound decision maker

• Possesses people skills

Innovation may be a new, a new method, or a new device.

• Gadget

• Idea

• Plan

• Strategy

It involves strategic thinking and goal setting to achieve objectives.

• Excellent planner

• Has the initiative

• Sound decision maker

• Possesses people skills

These are basic, yet vital questions that an entrepreneur can ask before starting up a business, EXCEPT.

• Why do we need this kind of product?

• For whom are the product/services aimed at?

• What benefit will the customers expect from product/service?

• How will the product/service differ from the existing brand? From its competitor?

Some of the possible innovations for your products are change of packaging, improvement of taste, color, size, shape, and perhaps.

• Additives

• Price

• Value

• Weigh

Throughout the process of product development, it is very important to always review and estimate the economic implications regarding development of product.

• Analyze Competitive Products

• Establish Target Specifications

• Perform Economic Analysis

• Plan Remaining Development Project

A meaningful and unforgettable statement captures the essence of the brand.

• Product naming

• Unique selling proposition

• Branding

• Tagline

These are things that people cannot live without.

• Wants

• Desires

• Requirements

• Needs

Putting yourself in a position where you are responsible for the failure or success of your business.

• Hardworking

• Disciplined

• Committed

• Has the initiative

This stage of concept development is essential to provide important information in establishing product or service specifications compared to existing products.

• Analyze competitive products

• Generate Product Concept

• Identify Customer Needs

• Plan Remaining Development Project