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Entrep Module 6
Entrep Module 6
Objectives:
1. Determine the tips in choosing the business name
2. Became aware of the stages of product life cycle, and
3. Recognize the factor to consider in selecting the best
product or service that will meet the market need.
LOOKING BACK TO YOUR LESSON
As we go further, let us try to recall our lesson about the potential market
and market need.
Viability –refers to gaining a profit that is sufficient to provide
a return to the business owner while also meeting its
commitments to business creditors.
Some serious strategic questions about the product’s viability:
Is the product idea practical?
What obstacles or challenges lie ahead?
Will it need support services of some kind to ensure customer
satisfaction?
LOOKING BACK TO YOUR LESSON