Topic 1.2 Spottif A Business Opportunity Flashcards
1
Q
What is convenience?
A
A product or service’s ability to fit in well with a customers lifestyle or routine.
2
Q
What does viable mean?
A
Able to work properly or successfully
3
Q
What is market research?
A
The process of gathering information about the market and customers needs and wants to help inform business decisions.
4
Q
What is a focus group?
A
A group of people who discuss their views on a product, service, advertisement or idea, either face to face or online
