Analyze Different Principles, Tools, and Techniques in Creating a Business PDF

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This module was designed and written with you in mind. It is here tohelp you analyze different principles, tools and techniques in creating abusiness. The scope of this module permits it to be used in many differentlearning situations. The language used recognizes the diverse vocabularylevel of stud...

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Thi smodul ewasdesi gnedandwr i t t en wi t hy ou i n mi nd.I ti sher et o hel py ou anal yz e di ffer entpr i nci pl es,t ool s and t ec hni ques i n cr eat i ng a busi ness.Thesc opeoft hi smodul eper mi t si tt obeus ed i n manydi ffer e nt l ear ni ng s i t uat i ons.The l anguage us ed r ec ogni z e st he di v er se v ocabul ar y l ev elofst udent s .Thel essonsar ear r anged t of ol l ow t hes t andar dsequence oft hec our se .Butt heor deri nwhi c hyou r eadt hem c an bec hange dt oc or r espondwi t ht het e xt bookyouar enow us i ng. Themodul ehasonel essononl y ,name l y: Lesson 1:Analyze Different Principles, Tools and Techniques in Creating a Business Af t ergoi ngt hr ought hi smodul e ,youar eexpec t edt o: i dent i f ypr i nci pl esi ncr eat i ngbusi ness; di  scusst ool sandt ec hni quesi nmaki ngeffici entbusi ness;and an al yzebusi nesspr i nci pl es,t ool s,andt ec hni quesi nmaki ngeffici ent busi ness.

Di r ect i ons.Chooset hel e t t eroft hebes tanswer .Wr i t ey ouransweron asepar at eshee tofpaper . 1.Thepr ocessbywhi c h oneort woormor eper sonsengagei n commer ci al act i vi t yf orpr ofit . a. Bus i ness c .Tr ade b.Commer ce d.Par t ner shi p 2.Per sonsorcompanywhosuppl i esgoodsandservi ces. a.Consumer c.Gover nment b.Cr edi t or s d.Suppl i er s 3.Thecapabi l i t yofasyst em t oexpandi t st ot alout putunderan i ncr easedvol umeofwor kwhenr esour cesar eadded.

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a.Aut onomy c .Pr ofit abi l i t y b.Bi gI dea d.Scal abi l i t y 4.Abusi nesswhi c hhasi t sowni dent i t yandi sdi st i nc tf r om t heowner si s cal l ed_ ___. a.Aut onomy c .Pr ofit abi l i t y b.Bi gI dea d.Scal abi l i t y

5.Abus i nesswi t ht hemai npur poseofgai ni ngpr ofiti scal l ed _ _ __ _ __ _ __ _ . a.Aut onomy b.Bi gI dea

c .Pr ofit abi l i t y d.Scal abi l i t y

6. Abus i nesst hatcr eat e si t sownpl ant oexpandi t seconomi c gr owt h. a.Aut onomy b.Bi gI dea

c.Pr ofit abi l i t y d.Scal abi l i t y

7. Whi chbr andofdr i nksmaybeav er ygoodsubs t i t ut ef orCocaCol a? a. Mi r i nda c . Sar si b. Pepsi d. Sev enUp 8. I ndus t r yr i v al r yamongcompani esoft hesameorr e l at e di ndus t r y i scal l ed_ __ _ __ _ . a. Compe t i t i on c . Al l i ance b. Di s t r i but i on d. Thr eat s 9. Compe t i t i v eadvant agest hatcanal sobegai nedbybus i nesst hat see kcooper at i onwi t hi norr el at e di ndust r i esi st er medas_ __ _ . a. Al l i ance c . De f ensi v es t r at egy b. Cos tl eader shi p d. Di ffer ent i at i on 10. I ndi vi dual swhowi l lbuyt hepr oduct sandser vi cesi nt hemar ke t .

11.

12.

13.

14.

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a. c onsumer s c . gov er nment b. cr e di t or s d. suppl i er Mar gar i nei sagoods ubst i t ut ef or_ _ __ _ __ _ __ _ __ _ __ _ __ _ . a. but t er c . c heddar b. cr eam chees e d. Ol i v eoi l Ast r at egyt hatbusi nessesof t enus emar ke t i ngandsomeads ar eagai nstt hec ompe t i t or s. a. Adver t i si ng c . Al l i anc e b. Cos tLeader s hi p d. Def ensi veSt r at egy Anadvant aget hatocc ur swhe nabus i nessi sabl et ooffert he samequal i t ypr oduc tasi t sc ompe t i t or s,butatal owe rpr i ce . a. Di ffer ent i at i on c . Def ensi veSt r at egy b. Al l i ance d. CostLeader s hi p Gai nedbyusi ngde f ensi v est r at egyt hebus i nesst ose tt hem apar ti t s el ff r om i t sc ompe t i t or s. a.De f ensi v eSt r at egy c .Di ffer ent i at i on b.Al l i ance d.CostLeader s hi p Pr oduct suseasr epl acement st oot herpr oduc t st hatgi v est he samepur pos e. a. c l one c . or i gi nal b. subst i t ut e s d. br and

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Which of the following government agencies are in-charge of the implementation of minimum wage salary of workers? A. DPWH B. DOLE C. LGU D. DEPED 2. Name the top-three preferred employees’ position in the Philippines. A. office-clerk, service-crew, saleslady B. call center, production worker, cashier C. laborer, sales clerk, data encoder D. Utility worker, seaman, salesman 3.Why is the government concern with population growth? A. Increase in the number of people B. Increase of vote C. Increase of government services D. Increase of tax 4. What is a significant trait of population? A. Increasing C. Stagnant B. Decreasing D. No change 5. Which bracket of population is the most productive? A. 0-9 C. 15-59 B. 10-14 D. 60 and up

Les- Anal yzeDi ffer entPr i nci pl es, son Tool s,andTechni quesi nCr eat -

1

i ngaBusi ness

Busi nessent i t i esar ei mpor t antt ocount r y’ seconomi cgr owt h.I tenabl es

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t ocr eat egoodsandservi ces,pr ovi dej obsf ori ndi vi dual st ogener at ei ncomeand accumul at eweal t h and gener at er evenuef ort hegov er nmentwhi c h enabl est o pr ovi debasi csoci alser vi ces.Mor eover ,i tpr oducesgoodsandser vi c est hati ndi vi dual sneedsandwant s. Busi nesst ot hr i veandgr ow needt ousedt ool sandt echni quest ocont i nuousl y exi stt husbestpr act i cesandt ec hni quesneedt obeempl oyed. I nt hepr evi ousl esson,youhav el ear nedaboutt hechal l engesandcur r entpr obl emsoft heFi l i pi noent r epr eneur sf acei nt hePhi l i ppi nes.Based on whatyou hav el ear ned,Chooseamongt hei magesbel ow t wo ( 2)cur r entpr obl emst hat Fi l i pi noent r epr eneur sf acedand wr i t edown 5bes tpr act i cest hatcan beused f ort hebusi nesst ocont i nuousl yoper at eandgr ow.

Pr i nci pl es,Tool s ,andTechni quesi nCr eat i ngaBusi ness Tost ar tanew busi ness,anent r epr eneur sneedst ohaveapl ant ost ar tabusi ness, asoneoft hebestpr act i ceent r epr eneur st oi dent i f y needsoft hecommuni t yt o st ar ta busi ness.Based on youri nqui rywhe t herbyi nt er vi ew orsurv eyt hr ough pr i ntoronl i ne,now,Iwoul dl i keyou t oi dent i f y5maj orneedsofyourcommuni t y andr ankt hem accor di ngt oor derofpr i or i t yf r om 1bei ngt hehi ghes tand5l owest anddescr i bebusi nessoppor t uni t i est hatcanbecr eat ed.

Ac t i vi t y1.Fi l lt het abl ebe l ow Nee dsoft heCommuni t y 1.

Busi ness t hatcanbec r eat ed

2.

5

Rank

3. 4.

5.

Pr i nci pl es ,Tool s,andTechni quesi nCr eat i ngaBusi ness I npl anni ngabusi ness,at hor oughst udyneedst obemadef r om t hecr eat i onof busi ness.Under s t andi ng how t he busi ness wi l loper at e and coexi s t si nt he busi nesswor l dt husoneneedst ost udypr i nci pl e,t ool sandt echni quesi ncr eat i ngbusi ness

Pr i nci pl esi nCr eat i ngaBusi ness Thepr i nci pl esofabus i nessar et hedr i vi ngf or c est hatmakei tsuc c essf ul .Bel ow t het e nke ypr i nci pl est omakeabus i nessasuc cess: 1.Scal abi l i t y-A busi nessmus tbescal abl ef ori tt obes uc cess f ul .Scal abi l i t y i st hecapabi l i t yofac ompanyt osus t ai n ori mpr ov ei t sper f or mancei nt e r ms ofpr ofit abi l i t yoreffici encywheni t ssal esvol umei ncr eases. 2.Bi gI deas- A busi nessi snomor eeffect i vet han t hei deaupon whi c hi ti s bui l t .Busi nessc r eat e si t sownpl ant oexpandi t sec onomi cgr owt h. 3.Syst ems- A busi nessi sasys t e mi n whi ch al lpar t scont r i but et ot hes ucc ess orf ai l ur e oft he whol e .I nt hi s sys t em,ev er yt hi ng mus twor kt oge t her f r om empl oyeet opr esi dent ;f r om equi pmentt or esour ces . 4.Sus t ai nabi l i t y-Abusi nessmus tbedynami c-abl et ot hr i v et hr oughal lec onomi c condi t i ons,i n al lmar ke t s,pr ovi di ng meani ngf ulhi ghl y di ffer ent i at ed r esul t st oal lofi t scus t omer s.Suchdi ffer e nt i at i oni st heke yt osur vi val . 5. Gr owt h- Gr owt hi sessent i ali nbus i ness.Wi t houtcont i nue dgr owt h,oper at i onswi l ls t agnat e .Thi sc anr esul ti nl ower eds t andar dsofqual i t yf orpr oduct sorser vi c es,decr eas edc us t omerser vi ce ,andpoorempl oyeemor al e . 6.Vi si on- A bus i nessmus tmani f es tt hehi gherpur poseupon whi c hi twas seeded,t hevi si on i twasmeantt oexe mpl i f y ,t hemi ssi on i twasi nt e nded t o f ul fil . 7.Pur pos e-A busi nessi st hef r ui tofaHi gherAi mi nt hemi ndoft heper son whoc oncei v edi t . 8.Aut onomy- Abus i nessi snotpar toft heowner ' sl i f e,buti s,i nf ac t ,i t sown ent i t y . 9.Pr ofit abi l i t y-A busi nessi saneconomi cent i t y ,dr i vi ngan e conomi cr eal i t y , cr eat i nganeconomi cc er t ai nt yf ort hecommuni t i esi nwhi c hi tt hr i ves . 10.St andar ds-Abusi nesscr eat esas t andar dag ai ns twhi c hal lbus i nessesar e measur edasei t hersuc c essf ul ,ornot . So,t her eyou hav ei t ,t het en pr i nci pl esupon whi ch t oconcei ve,gr ow,and expandy ourbus i ness.

Tool si nEval uat i ngaBusi ness I t ' st heHol yGr ai lf orsmal lbus i nessowner s–findi ngwayst omake effici encys avi ngsi n al las pec t soft hei roper at i ons.Thegoodnewsi s t her ear epl ent yoft ool s,t i psand t echni quesav ai l abl et ohe l pt hem makecostsavi ngsandboostpr oduc t i vi t y .Her ear e10oft hem. 1.Uset ec hnol ogyt os peedupwor kflow- Bus i nessess houl dbel ooki ng t oi nnovat i ons i nt ec hnol ogy t o sol v e day t oday i nconveni ences andt oi ncr easeeeffici ency . 2.Shor t ermee t i ngsf ue leffici ency-Hol dabr i efmee t i ngs t andi ngup, ev er y mor ni ng,wher e each per son expl ai ns whatt he y ar e goi ng t o wor k on t hatdayt o ensur eev er yonei s on t her i ghtt r ack and not was t i ngt i meonnonur gentt as ks. 3.Smar toffices pacepays-Offices pacecan i nv ol v ea bi gout l ayf or SMEs,buti ti sal soan ar eawher es omesmar t e rt hi nki ngcan make ar ealdi ffer ence . 4.Adv er t i sement - Adv er t i si ng ke eps yourbusi nesst op ofmi nd so c onsumer st hi nkofi twhent heyr equi r eorneedaser vi ceorpr oduct . 5.Smal lc hange s,bi gsavi ngs Onewayofi mpr ovi ngeffici encyi sf or busi nessowner st omakesmal lc hange st ot hewayt he yhandl et hei r c ompany' sexpenses. 6.Keepafir m gr i ponc ashflow" Cashi sKi ngnotpr ofit ” .Ensur et he r i ghtmanagementofyouri nflow andout flow ofcash. 7.St ayconnec t ed on t hemov e- Thegr owi ngt r end t owar dsmobi l e and flexi bl e wor ki ng means t hatempl oy ees ar e per manent l yc on- nec t edandont heg o. 8.Uset i memor ee ffici ent l yBei ngmor eeffici enti smor eaboutbei ng t han doi ng.I t ' s pr obabl y 90% mi ndse t ,( Al l an,2013) .I n addi t i on, “ Thes hor t e rt heamountoft i mey oual l ow y our sel f ,t hemor ey ouwi l l ge tdone” . 9.Ge tt he be stdealon i nsur ance-Busi nesses nee di nsur ancebecausei the l psc overt hecos t sassoci at ed wi t h pr ope r t ydamageand l i abi l i t yc l ai ms . 10.Don' tbel axwi t ht hel egal I nt he he ct i c pr ocess ofst ar t i ng up a bus i ness,t he f ounder s of t en putoffsor t i ngoutt hel egalmat t e r sunt i ll at er ,ornotatal l .

Si ncebus i nessi sac ommer ci alact i vi t yandi t smai npur posei spr ofit ,i nt he bookpubl i shedbyt heDev e l opmentAcademyoft hePhi l i ppi nes ,how t opr epar epr oj ectf easi bi l i t ys t udi es,i ti nc l udesan i ndus t r y anal ysi soft hef ol l owi ngi mpor t antf ac t or s. COMPETI TI ON AND COMPETI TORS I ndus t r yr i v al r y among c ompani es oft he same orr e l at ed i ndus t r yi s an i nevi t abl e par toft he bus i ness wor l d ofany busi ness si z e . I nt e nse c ompe t i t i on l eads t or educed pr ofitpot ent i alf orc ompani es i nt he same i ndus t r y.Bus i nessess ee kc ons t ant l ycompet i t i veadvant age.

Compet i t i veAdvant age  i swhatset syourbusi nessapar tf r om yourcompet i t i on.  hi ghl i ght st hebenefit sacust omerr ecei v eswhent he ydobusi nesswi t hyou.  I tcoul dbeyourpr oduct s,servi ce,r eput at i on,orevenyourl ocat i on. Di ffer entme t hodsofcompe t i t i veadvant agewhi c hi tcan bedoneandar ecl assi fied i nt of ourcat egor i es: 1. Cost Leadershi pan advant age oc c ur s when busi ness i s abl et o offer s same pr oduc t satal owerpr i c e. 2. Di ffer ent i at i onFi nd at t r i but es t hati si mpor t antand sett hem apar tf r om t hei r c ompet i t or s. 3. Def ensi ve St rat egi esused a def ensi ve s t r at egy t o di st anc et hemsel ves f r om c ompet i t or s. 4. Al l i ancesadvant ageofseeki ngst r at egi cal l i anc ewi t hot herwi t hi nr el at edorwi t hi n busi nesses.

CUSTOMERS I ndi vi dual sorc ompani eswhodesi r est opossessormakeus eofpr oduc t s and s er vi c es.Theypl ayahuger ol ei nt hesuc c essofyourbus i ness. Cust ome r sl i kewi sec an f or c edown pr i c es,de mand hi gherqual i t yormor es er vi ce ,andpl aycompe t i t or soffag ai ns te ac hot he r —al latt hee xpenseofi ndus t r ypr ofit s . SUPPLI ERS Pr ovi de i nput st hatt he fir ms i n an i ndust r y need t o cr eat et he goods and servi ces t hatt hey i nt ur n se l lt ot hei rbuyer s. Suppl i er s can exer tbar gai ni ng poweron par t i ci pant si n an i ndus t r ybyr ai si ngpr i cesorr educi ngt hequal i t yof pur c hasedgoodsandservi c es. A busi nessmayneedoneormor esuppl i er s.I ti si mpor t antt odevel opsuppl i er s whoar er el i abl ei nt er msofqual i t yofwhatt heysuppl yandt hei rdependabi l i t y i n comi ngup wi t ht het hi ngsyou or derf r om t hem.I ti si mpor t antt omai nt ai n good r el at i onshi ps wi t h one’ s suppl i er s;t hey ar et he key t o one’ s cont i nued

SUBSTI TUTES  Goods/ser vi cest hatcan beused i n pl acef oranot her .Thesegoods may ,ev en i fpar t l y ,sat i s f yt hesamenee dsofac onsumersuch t hat t heconsumermayuseonef ori ns t eadf oranot her . i t ut epr oduct sorservi c esl i mi tt hepot ent i alofani ndus t r y .  subst

 mar gar i necanbeasubst i t ut ef orbut t e r .Li ke wi seCokef orPepsi  Butnotever ybodywi l lbewi l l i ngt oswi t c hbr andsbecauset he yhav e dev e l opedat as t ef orapar t i c ul arcol a.Thi si swhymanuf ac t ur er st r y t odi ffer ent i at et hei rpr oduc t sf r om t hei rc ompe t i t or ssot hatt hec ust omer swi l ldeve l oppr oductl oyal t yf r om t hei rbr and. .

Act i vi t y1. Modi fiedTr ueorFal se .Wr i t eTr uei fs t at ementi scor r ec t , wr i t eFal sei fst at e menti si ncor r ectandunder l i net hei ncor r ectwor dand wr i t et hec or r ectanswer . _ _ __ _ __ _ __ _ 1.Oneoft hest r at egi esofs uppl i er si st opr ovi dedi sc ount st o c l i ent swhobuysmal lquant i t i esofas peci ficgoodorser vi ce . _ _ __ _ __ _ __ _ 2.I nbusi ness,compe t i t or sar eamus tt oensur equal i t ypr oduc t s ands er vi ces. _ _ __ _ __ _ __ _ 3.Affor dabl epr i cemeansl essermar ke tshar e. _ _ __ _ __ _ __ _ 4.Soyami l ki sanexampl eofs ubs t i t ut epr oduc tf orf r eshmi l k. _ _ __ _ __ _ __ _ 5.Low qual i t ymeanshi ghsat i s f ac t i ont oc us t omer s. Act i vi t y2 Di r ect i ons:Read t hes t or ycar ef ul l y.Anal yzet hebusi ness .Then answert heques t i onsatt heendoft hest or y. Anneand Cher r yar ef r i endss i ncehi gh school .Annei sgood i n baki ng andCher r yi sgoodi ns el l i ng. Toi ncr easet hei ri ncome,t he ydec i dedt o putupan onl i nebus i nessofbaker ypr oduc t s.Theycont r i but e d 10, 000 eac ht os t ar tt hebus i nessandde ci dedt ospl i tt hepr ofite qual l yasbusi nesspar t ne r s .Thef r i endsagr eedt hatAnnewi l lbei nc har geoft hepr oduct i on whi l eCher r ywi l lbei nc har geoft heonl i nes i t ef ort aki ngmarke t i ngand pr omot i on.Cher r yst ar t ed t aki ngor der swhi l eAnnei sbusy onbaki ngpr oduc t s.Thebus i nessst ar t edt oge tbi gor der sf r om t hei rr egul arc l i ent sandot herwhovi si t edt hei ronl i nesi t e .Af t e roney earofoper at i on,whi l eCher r yc ont i nuewi t hherr egul arwor kAnneasi nchar geof t hepr oduc t i on,s t ar t ed ge t t i ngsi c k and advi sed t or es t .Now,Annecan nol ongerc ont i nuebaki ngf ort hei rbusi ness. 1.Whatwentwr ongwi t ht hebusi ness ? 2.Doyout hi nkAnneandCher rywer er i ghti nhow t heymanaget hei rbusi ne ss ? 3.Ar et heyr i ghti nt hei rdeci si on ofequalshar i ngofpr ofit ?Expl ai n your answer .

Rubr i c : 10poi nt s -c ompr e hensi veandanal yt i c al89poi nt s-we l lwr i t t en andsomei nc l udesanal ysi s;57poi nt swel lwr i t t enbutl ac ksanal ysi s; 24poi nt s-weakessay;1poi ntPoor l ywr i t t enandl ac kst r engt h

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Act i vi t y3.Now,Iwantyout ot hi nkofapr oduct /ser vi cebusi nesst hati sneeded i n yourl ocal i t y .Li stdown yourcompet i t or s,compet i t i veadvant agecust omer sand suppl i er s.Uset he figur ebel ow. ( 10pt s)

PRODUCT

I nt hi spar toft hemodul e,t het eacherwoul dl i ket oknow whatyouhav el ear nedi nt hel esson

Identify at least five principles and tools in creating business

A

Why is it important to know your consumers, competitors and suppliers in creating business?

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4. 2 Essay. Asast udentofec onomi cs,whatbus i nesscanyour ecommends i nt hi spandemi ccr i si sCovi d2019andwhy? . ( Rubr i c : 10poi nt s-c ompr ehensi ve andanal yt i c al89poi nt s-wel lwr i t t enandsomei nc l udesanal ysi s;57poi nt swel l wr i t t enbutl ac ksanal ysi s;24poi nt s-weakessay;1poi ntPoor l ywr i t t enandl ac k st r engt h)

Choos et hel e t t eroft hebes tanswer .Wr i t et heansweronasepar at eshee tof paper . 1. Thesear ei ndi vi dual s/gr oupofi ndi vi dual swhobuygoodsandser vi c es f orper sonalandbus i nessuse . a. b.

Consumer Cr edi t or s

c. d.

Gover nment Suppl i er s

2. Thecapabi l i t yofac ompanyt opr oduceori ncr easeout putwhenr esour ces ar eaddedi scal l ed_ __ _ __ _ __ _ __ _ __ _ __ _ _ __ _ . a. b.

Aut onomy Dur abi l i t y

c. d.

Pr ofit abi l i t y Scal abi l i t y

3. Bus i nessi sal egalent i t yt hati ssepar at eanddi s t i nctf r om owner . a. b.

Aut onomy Dur abi l i t y

c. d.

Pr ofit abi l i t y Scal abi l i t y

4. For dandToyot ase l l st hesamepr oduc t s;i tevi dentt hatt her ei sa _ _ __ _ __ _ __ _ _. a. Compe t i t i on c . Al l i ance b. Di st r i but i on d. Thr eat s 5. Compe t i t i v eadvant agescanal sobegai nedbybusi nesst hatseeksassoci at i onorcooper at i onwi t hot herbus i ness: a. Al l i ance c . De f ensi v es t r at egy b. Cos tl eader shi p d. Di ffer ent i at i on 6.I ndi vi dualorfir mswhode si r epr oduc t sandser vi c esi nt hemar ke tf or c onsumpt i onorbus i ness. a. Consumer s c . Gover nment b. Cr edi t or s d. Suppl i er 7.Whi c hdoe snotbel ongt ot hegr oup? a. b.

Col gat e HeadandShoul der s

c. d.

Cl oseUp Hapee

8.As t r at egyt hatbusi nessesus et odi st i ngui sht hemse l v esapar tf r om t hei r c ompe t i t or s. a. Di ffer ent i at i on c . Def ensi veSt r at egy b. Al l i ance d. CostLeader s hi p 9.Thi sme t hodoccur swhenabus i nessi sabl et ooffert hesamequal i t y pr oductasi t sc ompe t i t or sandse l li tatal owerpr i ce .

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a. b.

Di ffer ent i at i on Al l i ance

c . Def ensi veSt r at egy d. CostLeader s hi p

10.Theadvant agegai nedbyt hi st ypeofst r at egyi st hati tal l owst hebus i nesst of ur t herdi st ancei t s el fbyusi ngde f ensi veme t hod. a. b.

De f ensi vest r at egy Al l i anc e

c. d.

Di ffr er ent i at i on CostLeader shi p

11.Aneconomi cac t i vi t yt hati sengag ei nbuyi ngandsel l i ngofg oodsand ser vi cesi nexc hangeofmoney . a. b.

Busi ness Commer ce

c. d.

Tr ade Par t ner shi p

12.Bus i nessabi l i t yt ous ei t sr esour c est opr oducepr ofit . a. b.

aut onomy bi gi dea

c. d.

pr ofit abi l i t y scal abi l i t y

13.Thesear eal t e r nat i v egoodst hatcaneasi l yr epl ac ebyot herpr oduct sei t herper f ec t l yori npar t . a. b.

br and cl one

c. d.

or i gi nal subst i t ut es

14.Pr i nt edandonl i nepr omot i oni sneededi ns t ar t i ngy ourbus i ness. a. adver t i si ng c. pr ofit abi l i t y b. bi gi deas d. scal abi l i t y 15.Ent r epr eneur st hi nkbi gandmaket hi si deai nt oar eal i t yf ort hesuccessof t hei rbusi ness. a. aut onomy c. pr ofit abi l i t y b. bi ...