sources of business opportunity Flashcards
1
Q
innovation
A
bringing an idea to reality, improving a process
2
Q
entrepreneurship
A
taking a risk to make a profit
3
Q
market opportunities
A
a change to increase trade
4
Q
changing customer needs
A
improvements that are beneficiary to customers
5
Q
research and development
A
improve existing products, create new products and improve production process
6
Q
technological development
A
changes that improve peoples lives and the way they operate
7
Q
global markets
A
access to potential international markets to improve their business
8
Q
name the 7 types of business opportunity
A
innovation, entrepreneurship, market opportunities, changing customer needs, R&D, technological development, and global markets
