A Business Opportunity (Grade 10 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is a business opportunity?
What is a business opportunity?
An idea to start a business & earn money
What are gaps in the market?
What are gaps in the market?
Areas where customer needs aren't met
Which is an example of a business opportunity mentioned?
Which is an example of a business opportunity mentioned?
Home care services for senior citizens
Why is research essential when identifying business opportunities?
Why is research essential when identifying business opportunities?
To understand problems & make smart choices
What are research instruments?
What are research instruments?
Tools to collect info from customers
What does SWOT analysis identify?
What does SWOT analysis identify?
Strengths, Weaknesses, Opportunities, Threats
What is a target market?
What is a target market?
A specific group of customers to serve
What is the foundation of successful business opportunities?
What is the foundation of successful business opportunities?
Needs and desires of the target market
How can businesses create desire for new products?
How can businesses create desire for new products?
Through advertising and marketing campaigns
What common mistake should entrepreneurs avoid?
What common mistake should entrepreneurs avoid?
Assuming others will buy what they like