spotting business opportunity

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  • Created by: blloob1
  • Created on: 22-03-14 20:56

1. what are the disadvanteges of a francise

  • The right of ownership of an invention or process when registered with the goverment
  • The collection of primary data that no one els has collected
  • The franchisor must be consulted before the business is sold
  • Strengths, weaknesses, orpertunity, threats
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2. What is secondary research

  • Customers with different buying habbits
  • Designed to give information about a likely target market
  • The collection of secondary data information that alredy exists externaly from the bussiness
  • The collection of primary data that no one els has collected

3. what are the benifits of a franchise

  • Staff training and an alredy tried and tested product
  • A range of possible positions for two features of a product such as high price and high quality
  • The descovery of a new process or potential product
  • Information about oppinions, judgments and attitudes

4. What is added value

  • The descovery of a new process or potential product
  • The increased worth a bussiness creats for a product
  • Strengths, weaknesses, orpertunity, threats
  • the process of transfering inventions into products

5. What is innovation

  • the process of transfering inventions into products
  • The descovery of a new process or potential product
  • The increased worth a bussiness creats for a product
  • Strengths, weaknesses, orpertunity, threats

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