Entrepreneurship Unit 5 Lesson 1
questions well answered already
passed
Which of these is the process of developing a product from ideation to distribution? - correct
answer ✔✔product planning
_____ are studies that analyze the desires and demands of specific customers, whereas _____
are studies that focus on market size and quantity of products demanded. - correct answer
✔✔Qualitative studies; quantitative studies
_____ are called focus groups. - correct answer ✔✔Demographically diverse groups organized
to determine opinions on products
Product development begins with _____. - correct answer ✔✔meeting the needs of consumers
_____ is the process of forming new ideas in a business setting. - correct answer ✔✔Ideation
The ideation processes of organizations all look different depending on the industry. - correct
answer ✔✔True
The "SWOT" in "SWOT analysis" stands for strengths, weaknesses, operations, and trends. -
correct answer ✔✔False; It stands for strengths, weaknesses, opportunities, and threats.
(market study)
takes a close look at the industry's competition
(ideation and conceptualization)
questions well answered already
passed
Which of these is the process of developing a product from ideation to distribution? - correct
answer ✔✔product planning
_____ are studies that analyze the desires and demands of specific customers, whereas _____
are studies that focus on market size and quantity of products demanded. - correct answer
✔✔Qualitative studies; quantitative studies
_____ are called focus groups. - correct answer ✔✔Demographically diverse groups organized
to determine opinions on products
Product development begins with _____. - correct answer ✔✔meeting the needs of consumers
_____ is the process of forming new ideas in a business setting. - correct answer ✔✔Ideation
The ideation processes of organizations all look different depending on the industry. - correct
answer ✔✔True
The "SWOT" in "SWOT analysis" stands for strengths, weaknesses, operations, and trends. -
correct answer ✔✔False; It stands for strengths, weaknesses, opportunities, and threats.
(market study)
takes a close look at the industry's competition
(ideation and conceptualization)
