What do we call the process of grouping customers according to relevant socioeconomic variables such as age, gender, occupation, social class, religion, etc.?

The process of grouping customers according to their perception, way of life, motivations and inclinations is called what?

It refers to entrepreneur’s tolerance of business risks.

The cost related to the preparation for the opening/launching of the business is called what?

It pertains to the method of generating ideas where a moderator handles a very open, free – flowing, and in – depth discussion which can provide insightful ideas about a new product or service.

Ana wants to establish a school supplies store. Where do you think is the good location for this kind of business?

Ryan established a laundry business located in the town proper. Who do you think is his target customers?

A trend is one thing to be considered in establishing business because your products/service needs to be in ______________.

COVID-19 pandemic is a national health issue which results to panic buying of people. Which of the following goods people buy the most nowadays?

Opportunities that have a good chance of expanding through branches, distributorships, dealerships, or franchise outlets in order to attain rapid growth are better opportunities.