How To Identify Profitable Business Flashcards
1
Q
How to identify profitable business definition
A
An entrepreneur comes up w idea snd recognizes the need for product or service in given target market and transforms it into a profitable business venture
2
Q
Before money is invested what must Entrep research
A
Target market
Industry prod will form part of
Price targ market must pay
How product will get produced/service rendered
How prod will be materialized
3
Q
Profitable business makes enough to:
A
Serve as income for entrepreneur
Put Money back into business for expansion ( ususally why entrepreneurs fail)
