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Warm Up Questions
Warm Up Questions
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1
A concept passes the business and it is the stage where the new product is converted into tangible working prototype.
Product Development
Product Concept
2
They create the demand for products/services, bring profit to the organization; without them their will be no business.
Consumers
Sellers
3
They are the ones who sell product and services.
Seller
Buyer
4
Market is one of the core concepts of marketing that set of all actual and potential buyers of a product or service.
True
False
5
A thorough set of plans, actions, and objectives that explains how a company will compete in a certain market.
Business Strategy
Business Plan