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1. Decide your own business venture and define and differentiate the various target market
generations.
2. Explore who your competition might be including: direct, indirect and invisible competitors.
Explain strategies used to determine your competitors activities including their product / service
offerings and prices.
3. List the steps in preparing a competitive strategy. Identify and explain the components of a
marketing strategy.
4. Explain techniques used to help entrepreneurs price their products / services. Explain the four
common methods used to help price a product / service.
5. Identify various promotional strategies. Also list innovative technologies that would be
beneficial to entrepreneurs.
Note: This subject is Entrepreneurship

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  • 1. 1. Decide your own business venture and define and differentiate the various target market generations. 2. Explore who your competition might be including: direct, indirect and invisible competitors. Explain strategies used to determine your competitors activities including their product / service offerings and prices. 3. List the steps in preparing a competitive strategy. Identify and explain the components of a marketing strategy. 4. Explain techniques used to help entrepreneurs price their products / services. Explain the four common methods used to help price a product / service. 5. Identify various promotional strategies. Also list innovative technologies that would be beneficial to entrepreneurs. Note: This subject is Entrepreneurship