1.Through the use of hobbies- one can become an entrepreneur by identifying a business opportunity in his hobbies such as movie watching, you can open a movie cinema
2.conducting research -market research can help one to identify potential business opportunities.
3. listening to people(customers)- ability to keenly listen and follow up on what people say in the market can help you identify a business opportunity.
4.conducting surveys- through the surveying the market in different places by keen observation one can identify an opportunity to become an entrepreneur.
5.attending trade shows and association meetings - can help expose you to many different opportunities existing in the market.
Erwoti answered the question on July 19, 2018 at 06:18
-
Outline the stages of satisfying human wants
(Solved)
Outline the stages of satisfying human wants.
Date posted:
July 11, 2018
.
Answers (1)
-
Discuss the dangers and benefits of changing brand identity
(Solved)
Discuss the dangers and benefits of changing brand identity.
Date posted:
July 11, 2018
.
Answers (1)
-
Discuss the strategies that an organization can use to revitalize a brand.
(Solved)
Discuss the strategies that an organization can use to revitalize a brand.
Date posted:
July 11, 2018
.
Answers (1)
-
Factors that a business should consider when developing a brand name
(Solved)
Factors that a business should consider when developing a brand name.
Date posted:
July 11, 2018
.
Answers (1)
-
Discuss the role of branding in building a competitive advantage.
(Solved)
Discuss the role of branding in building a competitive advantage.
Date posted:
July 11, 2018
.
Answers (1)
-
Outline two functions of a wholesaler
(Solved)
Outline two functions of a wholesaler
Date posted:
July 1, 2018
.
Answers (1)
-
Explain two disadvantages to a firm of using batch production.
(Solved)
Explain two disadvantages to a firm of using batch production.
Date posted:
July 1, 2018
.
Answers (1)
-
State two problems of using break-even analysis.
(Solved)
State two problems of using break-even analysis.
Date posted:
July 1, 2018
.
Answers (1)
-
Identify two non-monetary methods of motivating a workforce.
(Solved)
Identify two non-monetary methods of motivating a workforce.
Date posted:
July 1, 2018
.
Answers (1)
-
Explain the differences between repair and preventative maintenance.
(Solved)
Explain the differences between repair and preventative maintenance.
Date posted:
July 1, 2018
.
Answers (1)
-
Discuss the benefits and challenges associated with the implementation of an MRP system.
(Solved)
Discuss the benefits and challenges associated with the implementation of an MRP system.
Date posted:
July 1, 2018
.
Answers (1)
-
Explain with an appropriate example, how a materials requirement planning (MRP) system works.
(Solved)
Explain with an appropriate example, how a materials requirement planning (MRP) system works.
Date posted:
July 1, 2018
.
Answers (1)
-
Using a product of your choice, examine the content and purpose of the design process.
(Solved)
Using a product of your choice, examine the content and purpose of the design process.
Date posted:
July 1, 2018
.
Answers (1)
-
Compare and contrast the activities within operations management across THREE different sectors.
(Solved)
Compare and contrast the activities within operations management across THREE different sectors.
Date posted:
July 1, 2018
.
Answers (1)
-
Explain the role and responsibilities of an operations manager within an organisation.
(Solved)
Explain the role and responsibilities of an operations manager within an organisation.
Date posted:
July 1, 2018
.
Answers (1)
-
Highlight any THREE (3) types of risks faced by organizations?
(Solved)
Highlight any THREE (3) types of risks faced by organizations?
Date posted:
June 29, 2018
.
Answers (1)
-
Chemichemi Ltd operates as a monopolist.
Explain five factors that may have made the firm acquir monopoly power?
(Solved)
Chemichemi Ltd operates as a monopolist.
Explain five factors that may have made the firm acquir monopoly power?
Date posted:
June 24, 2018
.
Answers (1)
-
Explain five roles played by trade in an economy.
(Solved)
Explain five roles played by trade in an economy.
Date posted:
June 21, 2018
.
Answers (1)
-
Explain the factors that affect the product management decisions
(Solved)
Explain the factors that affect the product management decisions
Date posted:
June 21, 2018
.
Answers (1)
-
Outline four factors that may comprise the socio-cultural environment of a business
(Solved)
Outline four factors that may comprise the socio-cultural environment of a business
Date posted:
June 20, 2018
.
Answers (1)