Identify the different sources of business opportunities. Cite an example for each sources of business opportunities that will meet the needs of the market.
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- Describe Business Markets. Give practical examples.Please explain what are the strategies for enhancing customer participation. Give two examples Target corporation?Discuss any three (3) types of attractors and where possible give examples to show how these attractors operate and assist business to achieve their goals.
- THEME: Identifying business opportunity by addressing current issues in your community Through market observation and changes in today’s lifestyle preference as well as daily struggles, you are able to identify various business opportunities. You are required to identify a business opportunity by addressing current issues in your community. Evaluate THREE (3) potential business ideas, and select ONLY ONE best idea to be presented in the Business Model Canvas (BMC). This business ideamust be a new and creative solutions that specifically address the identified issue. Develop your business idea through Business Model Canvas (BMC). Your submission must include:1. Business ideas.2. Value proposition. 3. Market and Customer segments.4. Channels.5. Customer relation.6. Key activities7. Key resources.8. Key partners.9. Cost structure.10. Revenue streams and pricing models.The picture is an illustration of targeting potential market and a potential market need. To identify your new potential markets, you consider every target demographic that you currently sell, as well as those which are not yet targeted. Consider yourself as an entrepreneur and ask the following questions. 1. What other products do my customers need now? 2. What related products will they need in the future? 3. Who else could make use of the products I am selling now? 4. What demographic information do I have with my current customers?I require more details in explaining the individual factors
- What are the main customer markets? Explain each of them by giving examples.Give three specific recommendations to the Local Government Unit in its effort to help local entrepreneursrevive their businesses.5. Identify and analyze specific marketing strategies used by companies. Develop criteria by which you would assess the effectiveness of these strategies, taking into account their alignment with business goals.