QUESTION 1 1.1 Elaborate on the meaning of a business opportunity and explain how entrepreneurs identified business opportunities to sell productservice to reduce the spread of the Covid-19 pandemic (5) (5) 1.2 Suppose you have developed a new product for your business. Outline any FIVE steps in developing a research instrument (5) 1.3. Explain protocol for conducting research. 1.4 Develop a business plan for your new product or service in which you include the following aspects: (5) 1.4.1 Name any THREE aspects that must be included in the cover page and explain the executive summary of your business plan. (5) 1.4.2 Describe your business/Overview (5) 1.4.3 State any FIVE types of legal requirements that will be required for your business (5) 1.4.5 Explain how you would use the any FIVE types of the marketing mix for your business (5) 1.4.6 Suggest any FIVE strategies to overcome competition in the market. 1.5 Suppose you must do a presentation on your business plan. Answer the following questions about your presentation: (5) 1.5.1 Outline factors that must be considered when preparing/designing a presentation 1.5.2 Discuss any FIVE types of visual aids you would use to enhance the quality of your presentation. (5) (50
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QUESTION 1 1.1 Elaborate on the meaning of a business opportunity and explain how entrepreneurs identified business opportunities to sell product service to reduce the spread of the Covid-19 pandemic (5) (5) 1.2 Suppose you have developed a new product for your business. Outline any FIVE steps in developing a research instrument (5) 1.3. Explain protocol for conducting research. 1.4 Develop a business plan for your new product or service in which you include the following aspects: (5) 1.4.1 Name any THREE aspects that must be included in the cover page and explain the executive summary of your business plan. (5) 1.4.2 Describe your business/Overview (5) 1.4.3 State any FIVE types of legal requirements that will be required for your business (5) 1.4.5 Explain how you would use the any FIVE types of the marketing mix for your business (5) 1.4.6 Suggest any FIVE strategies to overcome competition in the market. 1.5 Suppose you must do a presentation on your business plan. Answer the following questions about your presentation: (5) 1.5.1 Outline factors that must be considered when preparing/designing a presentation 1.5.2 Discuss any FIVE types of visual aids you would use to enhance the quality of your presentation. (5) (50
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