Professional Documents
Culture Documents
Concepts:
The type of business an entrepreneur should have will largely depend on the
needs and wants of his potential customers. However, the needs and wants of these
potential customers differ, thus ‘one fits all’ will definitely be not applicable for what
kind of product or service you will offer to them. Knowing your target customers is
then very important so you could decide which of their needs and wants will be met.
_______1. Before starting a business, one must determine first his target customers.
_______2. What you want to sell is more important than what your potential
customers want to buy.
_______3. Only the needs of your potential customers must be considered when
planning a business.
_______4. When selecting a product or services to sell, it is important to identify
what is of “Value” to your potential customers.
_______5. One question you should have in mind when planning business if this:
For whom are my products or services aimed at?
_______6. Analyzing your customers will greatly help make your business
successful.
_______7. The product or services you can offer in your business depends on the
social conditions prevailing in the area.
_______8. Online selling of necessities is NOT suitable during the COVID 19
community quarantine period.
_______9. The culture and tradition of the people in the locality will NOT affect your
business.
_______10. A successful entrepreneur must consider consumer satisfaction more
than profit.
ACTIVITY 1
1. True
2. False
3. False
4. True
5. True
6. True
7. True
8. False
9. Fasle
10. True
Indicator Score
Conducted the survey to more than 10 individuals and able to add
10
more survey questions.
Conducted the survey to 10 individuals and able to add more survey
9
questions.
Conducted the survey to 10 individuals. Not able to add more survey
8
questions.
Conducted the survey to less than 10 individuals 7
REFERENCES:
Computer Hardware Servicing –Grade 9, Learner’s Material, First Edition