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LC Business - Units 5-7 (Headings) > Identifying oppurtunities > Flashcards

Identifying oppurtunities Flashcards

1
Q

Internal sources of business ideas for an organisation

A

Research and Development
Employee suggestions
Customer feedback

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2
Q

External sources of business ideas for an organisation

A

Competition
Import substitution
Government agencies

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3
Q

Internal sources of business ideas for an individual

A

Skills/Hobbies

Personal experiences

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4
Q

External sources of business ideas for an individual

A

State agencies

Media

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5
Q

Development process of new Product/Service

A 
Idea Generation
Product screening
Concept Development
Feasibility Study
Prototype Development
Test Marketing
Product Launch
''I Gave Peter Some CD's For Sarah Please Don't Tell My Pal Liam''
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LC Business - Units 5-7 (Headings) (12 decks)

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