Entrep

Question 1

Obtain meticulous market segmentation process

Answer 1

Market Intelligence

Question 2

Process of grouping similar homogeneous customers

Answer 2

Market segmentation

Question 3

Needs of person

Answer 3

Psychological motivations

Question 4

Customers recognition certain voids to fill

Answer 4

Deprivation

Question 5

Identity of company

Answer 5

Brand

Question 6

Customers wants to achieve

Answer 6

Aspirations

Question 7

Product of service is presented to customers

Answer 7

Packaging

Question 8

Procedure step by step

Answer 8

Process

Question 9

Entrepreneur tolerance of business risk

Answer 9

Risk appetite

Question 10

Characteristic of the people in the target

Answer 10

Demographic factors

Question 11

Improving an existing product or service

Answer 11

Innovation

Question 12

Government laws and regulations

Answer 12

Legal factors

Question 13

Entrepreneur guide on how to be a ethical in running the business

Answer 13

Ethical factors

Question 14

Mostly induces by government policies

Answer 14

Political factors

Question 15

Vital role in the scanning of marketing environment

Answer 15

Economic factors

Question 16

Represent a general view of a locality

Answer 16

Socio-cultural factors

Question 17

Entrepreneur should use the resources allocated for the new venture

Answer 17

Running the business

Question 18

Pushing through with choseb opportunity

Answer 18

Opportunity seizing

Question 19

One of the easiest business

Answer 19

Sari-sari store

Question 20

Fun discussion lenient rules

Answer 20

Brainstorming

Question 21

Located in street

Answer 21

Food business

Question 22

Expert in their chosen business

Answer 22

Specialists

Question 23

Critical thinking as think and look at problem as challenges

Answer 23

Problem solvers

Question 24

Entrepreneur have a decision on their business

Answer 24

Decisive

Question 25

Reactive rather than passive

Answer 25

Pro-active

Question 26

Entrepreneur will not be successful if they do not take a risk

Answer 26

Risk taker

Question 27

Occur frequently as this establish on platform on which future innovations

Answer 27

Breakthrough innovations

Question 28

Originated from market analysis. “Commonly”

Answer 28

Ordinary innovations

Question 29

Entrepreneur determines what are feasible product

Answer 29

Idea stage

Question 30

Undergo a consumer acceptance stage

Answer 30

Concept stage

Question 31

Workdone from the first three stage to measure success

Answer 31

Test marketing stage

Question 32

Attitude toward counter feiting

Answer 32

Ethical

Question 33

Life expectancy rates

Answer 33

Demographic

Question 34

Starting point of any new venture that involves understanding and knowing the intricacies of macro environment, microenvironment, and internal environment.

Answer 34

Scanning the marketing environment

Question 35

The channel used in not face-to-face, but in writing or online

Answer 35

Brain writing/Internet brainstorming

Question 36

Composed of innovation of an existing technology or applied in science and engineering research area

Answer 36

Technological factors

Question 37

Given much importance in conducting a business

Answer 37

Environmental or ecological factors

Question 38

These are projected new opportunities that can possibly affected the new business while it is running

Answer 38

Futuristic opportunities

Question 39

This method is similar to the FGD except that the participants are already given an inventory of product or service problems.

Answer 39

Problem inventory analysis

Question 40

One of the most critical resources of an entrepreneur

Answer 40

Time

Question 41

These innovation more frequently than breakthrough innovations. These innovation are technological advancements of an existing product or service

Answer 41

Technological innovation

Question 42

Starts with identifying the customers needs where you are tasked to create meaningful valie problem

Answer 42

Marketing process

Question 43

Simply stated why a customer should buy a certain product or service

Answer 43

Value propositions

Question 44

It addressed the customers wants and desires

Answer 44

Unique selling proposition

Question 45

Simply the size the arena where entrepreneur’s business will play. It is the approximation of the number of the market.

Answer 45

Market size

Question 46

The approximate number if customers that will buy the product or avail the service

Answer 46

Estimate the potential market

Question 47

Who are probably unlike to buy a product

Answer 47

Eliminate the customers

Question 48

Also called socioeconomic segmentation, is the process of grouping customers according to relevant socioeconomic variables for the business venture

Answer 48

Demographic segmentation

Question 49

Their daily routine where goods and service can be properly positioned

Answer 49

Occupation

Question 50

Their gender influence their buying behavior

Answer 50

Gender and age

Question 51

Ethnicity also should be taken to account because these affect the way they buy products

Answer 51

Religion

Question 52

Grouping customers according to their perceptions

Answer 52

Psychographic segmentation

Question 53

Using a five senses of hearing, touching, smelling, seeing and tasting

Answer 53

Perception

Question 54

Involve the needs of person, (food, clothing, shelter) seek to avoid pain and give pleasure

Answer 54

Physiological motivations

Question 55

Involve customer’s preferences

Answer 55

Psychological motivations

Question 56

Result of gaining a refreshing experience when using the product, possibly due to the products unique features

Answer 56

Customers

Question 57

Physical good, service, or idea that is created by an entrepeneur

Answer 57

Product

Question 58

Refers to a location or the medium of transaction

Answer 58

Place

Question 59

The value that the entrepreneur assigns to a certain product

Answer 59

Price

Question 60

Involves representing the product or services to the public and how these can address the public’s needs, wants, problems, or desires.

Answer 60

Promotion

Question 61

This is the latest generation after 4G/LTE.

Answer 61

5G network