8th 12

Question 1

specializes in fulfilling a service on behalf of the product/company owner

Answer 1

fulfillment

Question 2

bridge between an idea and a business plan

Answer 2

business concept

Question 3

the action of supplying goods to the customer

Answer 3

distribution

Question 4

process of investigating the big picture of a specific industry for a niche

Answer 4

feasibility

Question 5

a great concept statement that present a business idea as utmost importance

Answer 5

executive summary

Question 6

proof of plausible financial growth through instating specific steps

Answer 6

development plan

Question 7

usually 1-3-5 year statement that presents a business idea as utmost importance

Answer 7

financial plan

Question 8

graphic representation of obtaining goals from both the development and financial plans

Answer 8

time line

Question 9

a change or process of change which allows profit to be better suited to the business environment

Answer 9

adaptation

Question 10

ability to exert influence over another

Answer 10

bargaining power

Question 11

creating an unique name and image for a product

Answer 11

branding

Question 12

concentrating all marketing efforts on a small but specifically defined segment of an industry

Answer 12

niche