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Economics

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In starting a business, there sources of opportunities for which you can assess what product or service to sell. Choose 1 (Source) and provide 3 examples on how you are going to apply it. (Example: Changes in the environment; On Valentine's day, I will sell flowers and chocolates.)

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Answer:

•Looking Within Yourself And Examining Skills, Talent, Passion. ...

•Keeping Up With Current Events And

•Ready To Take Opportunities. ...

•Inventing New Product Or Service. ...

•Adding Value To Existing Product. ...

•Franchising. ...

•Mass Media. ...

•Exhibitions, Trade Shows and Expos. ...

•Industrial Surveys.

Explanation:

To succeed as an entrepreneur, you must develop the ability to select and offer the right products or services to your customers in a competitive market. More than any other factor, your ability to make this choice will determine your success or failure.

Fully 80 percent of the products and services being consumed today are different from those that were being consumed five years ago. And five years from today, fully 80 percent of the products being used will be new and different from those being used today.

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