Businesses are not only affected by the personal entrepreneurial competencies of the owner but it is also affected by ____________ and _______________.
Market and Environment
10
A tangible item that is put on the market for acquisition, attention or consuption. Examples are cars, jewelries, and computers.
Products
5
Intangible item which arises from the output of one or more individuals. It is usually a result of the interaction between the customer and the business owner or staff.
Services
5
These are things that are perceptible by touch.
Tangible
5
These are the things that every individual needs in order to live with dignity.
Needs
5
These are desires, luxury and extravagance that signify wealth and an expensive way of living.
Wants
5
A place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services. - A particular audience.
Market
5
It refers to the external factors that affect the business like the needs and wants of the people.