sources of business opportunity Flashcards
(7 cards)
1
Q
what is business opportunity
A
a set of circumstances that a person can perceive as an avenue to success.
2
Q
how is innovation a business opportunity
A
Improve existing products or services
take advantage of change.
3
Q
how is market opportunities a business opportunity
A
Gap in market
4
Q
how is changing customer needs a business opportunity
A
Changed population
Change in taste of fashion
Change in cost of living
5
Q
how is research and development a business opportunity
A
Improve existing products
Develop new products
6
Q
how is technological development a business opportunity
A
Rise in new products and processes
7
Q
how are global markets a business opportunity
A
Growing and expanding businesses
Reduced dependence on local markets
