Activity 8: Selecting the business opportunities for computer students

Introduction : Computers have become essential business tools. They are used in every aspect
of a company's operations, including product creation, marketing, accounting and
administration. It is critical that business owners take the time to choose the right computers,
software and peripherals for their organization. Given the diversity of modern technology, from
smartphones and tablets to large desktop systems, the choice of the best tech for your business
can be daunting.
Summary: For an entrepreneur opportunity means a product or a project. Therefore,
identification of opportunity, product or a project is similar. An entrepreneur may come across a
large number of profitable opportunities but he has to select the most possible and hopeful
project.
Maintenance of product: Product management or product maintenance is termed as an
organisational lifecycle function within a company dealing with the planning, forecasting, and
production, or marketing of a product .Product Maintenance means any maintenance and
support of any hardware, software, documentation, accessories, cabling, material, supplies,
parts, or other goods that are performed by a third party.
Product configuration and marketing: Product configuration is the process that businesses, and
specifically manufacturers undertake whereby they customize a product / solution / service to a
customer’s specific needs. This can be done either by the customer themselves through e
Commerce channels, whereby available options for a product are selectable, or the sales /
product engineer can configure the product based on the customer’s requirements .Product
marketing is the process of bringing a product to market, promoting it, and selling it to a
customer. Product marketing involves understanding the product’s target audience and using
strategic positioning and messaging to boost revenue and demand for the product.
Future scope: Product scope refers to the number of different items your company offers for sale.
Your business goals usually determine the scope of products you carry. You may run a successful
business based on a single product strategy or offer a much deeper line of products to serve a wider
range of customers.
If you are wondering which field is best for future, data science is the top pick for you. We live in
a demanding digital age in which data is generated at an unprecedented rate. Data Science is one
of the hottest sectors currently and for good reasons.

Name: Priyanka Murlidhar Munde

Roll.No:15