Directions: Read each statement below carefully. Write T if you think a statement
it TRUE. Write F on the line if you think the statement is FALSE.
1. Products or services are upgraded to increase sales and get more customers.
2. It is not necessary to have the skills and capabilities to see and evaluate business
opportunities.
3. Analyzing your competitors will help you identify key business opportunities to
expand your market reach and develop your products and services.
4. SWOT analysis is a framework used to start a business.
5. Entrepreneurs identify and create new markets and bring change in existing ones.
6. Consider your skills and interests in selecting the product or service to offer.
7. Trends are your personal preferences.
8. Understand the market needs to identify the best product or service to offer.
9. Collecting data like demographics allows you to identify the market needs.
10. Age, gender, and ethnicity are examples of psychographic data.
it TRUE. Write F on the line if you think the statement is FALSE.
1. Products or services are upgraded to increase sales and get more customers.
2. It is not necessary to have the skills and capabilities to see and evaluate business
opportunities.
3. Analyzing your competitors will help you identify key business opportunities to
expand your market reach and develop your products and services.
4. SWOT analysis is a framework used to start a business.
5. Entrepreneurs identify and create new markets and bring change in existing ones.
6. Consider your skills and interests in selecting the product or service to offer.
7. Trends are your personal preferences.
8. Understand the market needs to identify the best product or service to offer.
9. Collecting data like demographics allows you to identify the market needs.
10. Age, gender, and ethnicity are examples of psychographic data.
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Answer:
1.true
2.false
3.true
4.false
5.true
6.true
7.true
8.true
9.true
10.true
Explanation:
#carryonlearning
to evaluate a company's competitive position and to develop strategic planning. SWOT analysis
is a technique for assessing the performance, competition, risk, and potential of a business, as
well as part of a business such as a product line or division, an industry, or other entity.