

Steps in Developing the Business Concept
Flashcard
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Tenessa Phillip
Used 1+ times
FREE Resource
Student preview

9 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Identify potential market
Back
Eco-friendly products target environmentally-conscious individuals, sustainable living enthusiasts, and eco-focused communities.
2.
FLASHCARD QUESTION
Front
Decide on target market
Back
The target market includes individuals and families focused on reducing waste and embracing sustainable lifestyles.
3.
FLASHCARD QUESTION
Front
Identify customer segment within the market
Back
Customer segments include young professionals, families with children, and eco-conscious seniors.
4.
FLASHCARD QUESTION
Front
Identify segment characteristics
Back
Segment characteristics involve environmental awareness, shopping habits, income levels, and interest in household sustainability.
5.
FLASHCARD QUESTION
Front
Decide on target segments
Back
Primary target segments are young professionals and families teaching eco-conscious values.
6.
FLASHCARD QUESTION
Front
Identify customer needs or preferences
Back
Customer needs focus on high-quality, durable, and visually appealing eco-friendly products that are safe and easy to clean.
7.
FLASHCARD QUESTION
Front
Decide on marketing mix factors such as pricing
Back
Pricing should highlight long-term savings and environmental benefits, with options for bundling and varied price points.
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