CAREER OPPORTUNITIES AND MARKET NEED ANALYSIS

Question 1

Amount of time to be an entrepreneur depends on the field you venture into.

Answer 1

CAREER OPPORTUNITIES

Question 2

3 REQUIREMENTS FOR CAREER IN ENTREP.

Answer 2

• Find the right business idea and education
• Make business plan, define target market
• Start networking/sell idea to target market

Question 3

*identify problems, fix
*Make travels from 1 client to another
*Recommend solutions to problems

Answer 3

BUSINESS CONSULTANT

Question 4

*manage company accounts
*Represent company for product/service
*Follow up customers’ interests/leads

Answer 4

SALES MANAGER

Question 5

*raise money for specific purposes
*Not make profit but maintain organization
*Organize events/build network relationships

Answer 5

FUNDRAISER

Question 6

*Understand business concepts/procedures
*Look for facts, Interpret data, conclude
*Recommend courses of action

Answer 6

RESEARCH AND DEVELOPMENT DIRECTOR

Question 7

*speak in front of people
*Inspire students - have vision for society
*Share experience, entrepreneurial intention

Answer 7

TEACHER

Question 8

*find right people, agreement
*Talk one-on-one | know what motivates
*source, attract, recruit, interview, onboard

Answer 8

TALENT RECRUITER:

Question 9

*write articles, cover
*Dress up for speaking/interview
*Explain latest development/work with TV

Answer 9

BUSINESS REPORTER

Question 10

*launch a company
Start new venture, then sell it to another
*Mang Inasal to Jollibee

Answer 10

NEW VENTURE CREATOR:

Question 11

7M OF UPLIFTING MSMEs

Answer 11

*MASTERY
*MONEY
*MACHINE
*MARKET ACCESS
*MODELS OF NEGOSYO
*MINDSET CHANGE
*MENTORING

Question 12

3 MARKET NEED KNOWLEDGE

Answer 12

*MARKET ANALYSIS
*MARKET ANALYSIS SKILL
*MARKET NEED ANALYSIS

Question 13

key to determine attractiveness, current, and potential future risks of serving market

Answer 13

MARKET ANALYSIS

Question 14

*market size, potential value, different customer segments, buying patterns, rivalry, and economic environment in general

Answer 14

MARKET ANALYSIS SKILLS

Question 15

*quantitative, qualitative assessment of market to respond positively
process of studying dynamics (changes) and determining characteristics of particular market within an industry

Answer 15

MARKET NEED ANALYSIS

Question 16

3 CUSTOMER REQUIREMENTS

Answer 16

*Lifeblood of business
*Thoughts, feelings, experiences that shape decisions of the business
*What, when, where, why they buy

Question 17

Don’t push ideas to customers. We simply want to make what they want.

Answer 17

LAURA ASHLEY:

Question 18

grouping similar or homogeneous consumers according to:

Answer 18

MARKET SEGMENTATION:

Question 19

4 MARKET SEGMENTATION:

Answer 19

DEMOGRAPHIC
GEOGRAPHIC
PSYCHOGRAPHIC
BEHAVIORAL

Question 20

socio economic variables

Answer 20

DEMOGRAPHIC

Question 21

locations

Answer 21

GEOGRAPHIC

Question 22

perceptions, way of life, motivation (travel agencies)

Answer 22

PSYCHOGRAPHIC

Question 23

actions by desired benefits

Answer 23

BEHAVIORAL

Question 24

BENEFITS OF MARKET SEGMENTATION

Answer 24

*Increase resource efficiency
*Stronger brand name
*Greater potential for brand loyalty
*Stronger and better market differentiation

Question 25

Statement of what product/service does
How it solves for customers’ challenge

Answer 25

UNIQUE SELLING PROPOSITION (USP)

Question 26

Summary why customers would choose your product/service | overall/general value of product

Answer 26

VALUE PROPOSITION (VP)