a. Wants
f. Data
k. Primary sources
b. Needs
g. References
l. businessman
c. Business Idea
h. Secondary Sources
d. Entrepreneur
i. Field research
e. Surveys
j. Analyzing
1. Initially conducted for one purpose using existing data which are reliable, available references,
mass media and electronic media
2. Covers interview with customers, suppliers, competitors, and industry experts.
3. Refers to the development of a short questionnaire with respect to the targeted product.
4. Existing reliable data can be used by an _______________.
5. Refer to first- hand data or information gathered directly.
6. Identifying, ____________, and choosing business opportunities are essential to determine if the
venture can make profits and sustains its competitiveness.
7. A business concept that results in profits if it is turned into a tangible product or service.
8. Existing reliable _____ can be used by an entrepreneur.
9. An entrepreneur can use ______such as publish information from the library, internet and so on.
10. _____ are something that is more than a basic need.
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Answer:
1.b
2.a
3.d
4.j
5.e
6.c
7.f
8.h
9.g
10.i