Questions


December 2022 1 0 Report
YES or NO

1. Innovation is the key to keep the business going.

2. Philippines is the second largest world producer of handicrafts, mainly baskets made from indigenous materials. It has also maintained the respect of the high-end markets in the United States, European Union, and Japan.

3. Consumers tend to get uninterested in buying products without innovations.

4. Sustainable entrepreneurship is defined as the understanding of innovations geared towards a larger market and being able to provide benefit to the society.

5. Innovation is achieved through stagnation and dullness.

6. It is acceptable for the entrepreneurs to not have a deep knowledge about their own product as well as their competitor's products to be able to come up with unique ideas to improve and be different.

7. It is not essential to know the strengths and weaknesses of your product.

8. The marketability of a certain product last only for a specific period of time.

9. To avoid loss of marketability of a product, you can apply some strategies and methods in enhancing and decorating your products.​

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