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4: developing project ideas

Study online at https://quizlet.com/_dsm4p7

1. business envi- - classified into various market groups

ronment - for ex., target market: young people = needs of the young

2. import and ex- - through national statistics office (nso)

port figures - import = local substitute
- export = local resources

3. available skills - good source of business ideas

- not of similar businesses, but of "related"

4. local raw ma- - for ex., if business site is forest; identify related process-
terials and re- ing projects
sources

5. new technology number of government and private organization have re-

and development searches of different industries for public dissemination
that can be borrowed

6. inter-agency op- growing industries usually carry with them the establish-
portunities ment and need of related ones

7. industry studies dti, pdcp, neda & national economics have made studies
like this that can be reviewed for possible business ven-
tures

8. development roads, power facilities and other industrial infrastructure

plans may convert an otherwise dull community into an active
business district

9. old projects old proposal which have not materialized may now prove
feasible

10. business periodi- many business magazines have information of new prod-
cals ucts, processes and contain valuable economic informa-
tion

11. industry lists different agencies that can be approach to get the on hand
lists

12.
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 1.4: developing project ideas
Study online at https://quizlet.com/_dsm4p7
philippine stan- - psic
dard industrial - list of all philippine products
classification

13. securities and - sec

exchange com- - good sources of information and ideas
mission

14. bereau of invest- - boi

ments - publish the philippine investment priorities plan that con-
tains a list of projects given priority and incentives by the
ph government

15. follow experi- economic activities in other places having the same con-
ence elsewhere ditions in your particular project site may suggest similar
business ventures

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