Is this statement true or false? Regardless of the products or services it sells, an entrepreneurial business requires an extensive knowledge of local geography to effectively distribute its products or services to its customers.
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Is this statement true or false? Regardless of the products or services it sells, an entrepreneurial business requires an extensive knowledge of local geography to effectively distribute its products or services to its customers.
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- Select a known local entrepreneur in Grenada currently engaged in the production of a creative and innovative local product or service for a period of ONE to FIVE years. Explore the background of the local entrepreneur, providing details on the history, industry, source of the idea for the good/service produced, the nature of the entrepreneurial opportunity that he/she exploited and the resources used in developing the entrepreneurial opportunity. Critically assess the local entrepreneur’s entrepreneurial potential by identifying and discussing at least FOUR (4) key characteristics and skills that are most critical to his/her entrepreneurial success as discussed in the course. Provide relevant examples that will support the assessment (at least TWO). Discuss TWO (2) main categories of creativity techniques and their application to entrepreneurial opportunity identification and development as discussed in the course. You must incorporate at least TWO (2) examples for each main…Do you have any advice for other young entrepreneurs who might be interested in entering the supply chain and logistics space? Is this a good time to enter the industry?explain Why do so many American businesses establish operations in other countries?
- give at least three factors that affects the success of a certain enterprise. Explain whyOutline how strategic alliances can provide options for marketing opportunities and include two examples of alliances (also known as cooperative business models) that can be formed between businesses. Outline how the development of existing products or services can provide marketing opportunity options for a business, both in existing and new markets. Relate your answer to relevant diversification strategies from the Ansoff matrix. Outline how a takeover can create options for marketing opportunities for a business. Outline key information that a franchiser should consider providing when marketing their franchise opportunity. Outline how a company can use the establishment of a new business as an opportunity for marketing. Provide an example to illustrate your answer. Outline two other marketing opportunity options that a business could choose to pursue other than options explored in the questions above. Explain the importance of the product life…What are the advantages and disadvantages of expanding your business to neighboring municipalities/localities? If possible, in line with the 7M's.
- Choose from the following agricultural/agribusiness industry that you are interested with. Be specific. Animal production or livestock industry Plant/horticulture industry Crop industry Fishery Others ( be specific) After choosing an industry, you are asked to research about it and be able to answer the following questions: How attractive is the market? In what way are competitors expected to respond if you enter the market? What is the current size of the market and how large is it expected to become? What are the current and projected growth rates?conduct a short interview of any successful entrepreneur in your localityCan you name the six most common types of businesses? Is there evidence to back up your hypothesis? Does your job need a different option? Tell me more about your idea; I'm assuming it involves some kind of virtual flea market for used goods.
- Imagine considering starting your own business or owning a franchise. What kinds of products or services will you offer?How does challenging old assumptions and traditions lead to entrepreneurial opportunities? How can the entrepreneur influence the power of buyers and suppliers toward competitive conditions more favourable for the entrepreneur?Select an Entrepreneur from Pakistan who has started his/her business from very low level and made it successful .History and initial challenges he/she have faced and Current business standing