Enterprenurship Performance Indicators
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13 Terms
Determine initial feasibility of product idea
(PM:129) (MN)
Adjust idea to create functional product
t (PM:204) (MN)
Create processes for ongoing opportunity recognition
(PM:136) (MN)
Evaluate customer experience
(PM:138) (MN)
Explain the concept of product mix
(PM:003) (SP)
Plan product mix
(PM:006) (MN)
Determine services to provide customers
(PM:036) (MN)
Identify internal and external service standards
(PM:273) (MN)
Build corporate brands
(PM:126) (ON)
Explain the role of customer service in positioning/image
(PM:013) (MN)
Identify company's unique selling proposition
(PM:272) (MN)
Build product/service brand
(PM:209) (MN)
Question: What is one financial factor a business should analyze to determine if a new product idea is feasible?
Answer: Expected costs versus projected revenue (profit potential)
Note 
Flashcards (342)