Choose the correct option!
1. swot analysis is
a) a written document that describes in detail how a new business is going to achieve its goals. it will lay out a written plan from a marketing, financial and operational viewpoint.
b) factors that differentiate a product from its competitors, such as the lowest cost, the highest quality or the first-ever product of its kind. it could be thought of as “what do you have that competitors don’t have.”
c) it is a basic, straightforward model that assesses what an organization can and cannot do as well as its potential opportunities and threats.
2. revenue management is
a) any feature that provides comfort, convenience, or pleasure.
b) to sell the right product to the right customer at the right time.
c) a specific group of consumers at which a company aims its products and services.
3. business plan is
a) a written document that describes in detail how a new business is going to achieve its goals. it will lay out a written plan from a marketing, financial and operational viewpoint.
b) it is a basic, straightforward model that assesses what an organization can and cannot do as well as its potential opportunities and threats.
c) to sell the right product to the right customer at the right time.
4. target market is
a) someone who commits capital in order to gain financial returns.
b) a specific group of consumers at which a company aims its products and services.
c) someone who exercises initiative by organizing a venture to take advantage from an opportunity and, as the decision maker, decides what, how, and how much goods or service will be produced.
5. entrepreneur is
a) someone who commits capital in order to gain financial returns.
b) a specific group of consumers at which a company aims its products and services.
c) someone who exercises initiative by organizing a venture to take advantage from an opportunity and, as the decision maker, decides what, how, and how much goods or service will be produced.
