4. What are the characteristics of the marketplace?characteristics of the marketplace you are about to enter, and not just about entrepreneurialbrilliance. If you decide to enter into a declining market that is full of strong competition, you willmultiply your chances of failure. On the other hand, enter into a market that is merging, growing,and has few competitors and you will stand a higher chance of being successful. Features of themarketplace you are about to enter? Is the market growing, or receding in size? If it's growing,among which age and income groups. Do you have to know if the marketplace is shifting fromoffline to online delivery? If so is the traditional marketplace moving towards the website, mobile,and/or tablets.

Characteristics or features of the marketplace to enter are as follows: * Easily Accessible &…

Answered: 4. What are the characteristics of the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The founder of TikTok and ByteDance Zhang Yiming is considered a successful entrepreneur. Discuss in detail the following three characteristics of a successful entrepreneur: having an entrepreneurial mind-set; being alert to opportunities; and the ability to deal with uncertainty. Also indicate how entrepreneur Zhang Yiming demonstrates each characteristic?
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It Ways Of starting a business. You will U Die entrepreneurial process, which starts with identifying and evaluating the opportunity. The heart of this module is the scanning of the marketing environment where you formulate a product or service solution applying the techniques of seeking, screening, and seizing opportunities. As a result, you will deal with analyzing the need of the market, think of the potential set of products or services that will meet the need, assess the feasibility of the solution, and select the best product or service De that will address the need. • PRE-ACTIVITY Directions: Answer the following. 1. In a scenario where you are creating a product to sell, what are the things that you need to consider? Why? 2. What are the role of your neighbors, friends, family members and the community if you are going to put up a business? 3 |Page
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