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6. What is added value

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

7. What is market research

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

8. What is market mapping

  • A range of possible positions for two features of a product such as high price and high quality
  • Information about oppinions, judgments and attitudes
  • when no bussiness is currently serving the needs of customers for a particular product or service
  • Designed to give information about a likely target market

9. What is innovation

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

10. what are the disadvanteges of a francise

  • The franchisor must be consulted before the business is sold
  • Strengths, weaknesses, orpertunity, threats
  • 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

11. What is invention

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

12. What is ment by the term types of customer

  • Customers with different buying habbits
  • Designed to give information about a likely target market
  • when no bussiness is currently serving the needs of customers for a particular product or service
  • Information about oppinions, judgments and attitudes

13. What is a patent

  • Information about oppinions, judgments and attitudes
  • Data that can be expressed as numbers and can be statisticly analysed
  • The right of ownership of an invention or process when registered with the goverment
  • The descovery of a new process or potential product

14. What Quantitative research

  • Data that can be expressed as numbers and can be statisticly analysed
  • Information about oppinions, judgments and attitudes
  • A range of possible positions for two features of a product such as high price and high quality
  • when no bussiness is currently serving the needs of customers for a particular product or service