Business Ideas and Market Analysis

Business Ideas and Market Analysis

Assessment

Flashcard

Business

Vocational training

Hard

Created by

Christian Obe

Used 1+ times

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

Gap in the market

Back

Customer need or demand not served by competitors

2.

FLASHCARD QUESTION

Front

Analysing competitors

Back

rivals' strengths, weaknesses, and market share

3.

FLASHCARD QUESTION

Front

Evaluating customer needs

Back

What customers value and expect from products/services.

4.

FLASHCARD QUESTION

Front

Assessing business viability

Back

If a business idea can succeed financially and operationally.

5.

FLASHCARD QUESTION

Front

Unique selling point (USP)

Back

A benefit that makes a business stand out

6.

FLASHCARD QUESTION

Front

Understanding target audience

Back

The demographics, preferences, and behaviors of potential customers.

7.

FLASHCARD QUESTION

Front

Types of business ownership

Back

Sole trader, partnership, private limited company, public limited company

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