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WorksheetsTECHNOLOGY-BASED BUSINESS IDEA BLUEPRINT
Total questions: 7
Worksheet time: 4mins
A technology-based business idea blueprint is a detailed written document that describes what a new product want to accomplish.
True
False
How we describe our product/service?
Describe details, application, unique characteristic of the product/service
Describe market acceptance
Emphasize budget planning
Define expertise involved
Which one is not area to be covered in technology description?
The key components related to the product/service or technology
Research & development and the intellectual property involved
Target market that will describe customer segment
Regulations that may govern the use of the technology to deliver the product/service
In market size and trends we need to describe about potential annual growth and major factors affecting the market growth.
True
False
How we evaluate our competitors?
Ignore their strengths and weaknesses
Compare competing and substitute products or services on the basis of market share, quality, price, performance, delivery, timing, service warranties, and other pertinent features.
Compare the fundamental value only that is added or created by your product or service, in terms of economic benefits to the customer and to your competitors
Discuss the previous advantages and disadvantages of competitors' product/service
Which one is not a marketing strategy?
Price
Product
Promotion
Producer
To determine the pricing, several methods need to be considered, EXCLUDE:
The cost of producing the product
The competitors’ prices
Based on entrepreneur perception
Based on perceived value
