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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