Research
Will Google searches will help you find primary or secondary data?
Secondary
Specific
Name the 4 Ps
Product
Price
Place
Promo
Define community context in business
Operating in a way that serves the greater good of community. Purpose first, profits second.
Is finding out the price customers are willing to pay an example of quantitative or qualitative data?
quantitative
In the acronym "SMART", what does the T stand for?
Time-Bound
Cost-plus, premium and willingness to pay are examples of what?
Pricing strategies
Define "Puutake"
A businesses core purpose and reason for being.
Is finding out potential customer's taste preferences quantitative or qualitative data?
Qualitative
Why is this goal not "SMART"?
I aim to achieve level 2 credits by the end of this term through my SBUS and SENG classes.
It is not Measurable
Direct distribution and in-direct distribution are examples of which P?
Place
What does "SWOT" stand for?
Strengths
Weaknesses
Opportunities
Threats
Name three primary research methods
Survey/Questioneer
Interviews
Focus groups
Observation
Taste testing
Why is this goal not "SMART"?
Our group will make $200 revenue by the end of week 6, term 3.
Our 4ps are designed to focus on our target market. What are the 3 characteristics of the target market define by?
Demographics
(Geographics, can be part of demo)
Spychographics
Behaviour
What is the difference between Strengths/Weaknesses and Opportunities/Threats?
S/W are internal factors
O/T are external factors
What type of sampling method are you using if you select a whole whaanau class to represent RSHS?
Cluster Sampling
How do SMART objectives differ from a mission statement?
A mission statement is a sentence that outlines the business' overarching goal, while SMART goals are a specific series of goals to aid in accomplishing that mission
The three parts of Product are?
Core
Actual
Augmented
Name the Maaori business concept which involves taking care of the whenua (the land and the environment)
Kaitiakitanga