Business enterprise and entrepreneurship

Purpose of business activity

PRIMARY PURPOSE OF BUSINESS ACTIVITY IS TO PRODUCE AND SELL GOODS OR SERVICES THAT SATISFY A DEMAND IN THE MARKET.

GOODS:

  • BI-CYCLES

  • T-SHIRTS

SERVICES:

  • HAIRDRESSING

  • TOURISM

Developing a business idea

  • GENERATE AN INCOME

  • SERVING A GAP IN THE MARKET

  • PURSUING A UNIQUE OPPORTUNITY

  • PROVIDING A GOOD PRODUCT TO BENEFIT OTHERS

  • INVENTION

  • INNOVATION

  • ADAPTATION

Customer needs and wants

  • VALUE OF MONEY

  • QUALITY

  • DESIGN

  • EFFECTIVE CUSTOMER SERVICE

  • CHOICE

  • CONVENIENCE

  • RELIABILITY

Nature of Enterprise

What is Enterprise?

SPOTTING AND PURSUIT OF A BUSINESS OPPORTUNITY THAT HAD POTENTIAL TO MAKE PROFIT.