Shared Flashcard Set

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2.06
Employ entrepreneurial discovery strategies to generate feasible ideas for business products
15
Business
12th Grade
03/14/2013

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Cards

Term
Facilitator
Definition
an individual whose job is to help to manage a process of information exchange
Term
Clarifying Questions
Definition
those that help ensure a full understanding of topics
essential for all team members to be working with common knowledge for planning problem solving
Term
Exploratory Questions
Definition
emphasize possibilities that have not yet been dicused
enhance teams ability to find creative solutions
Term
Why Questions
Definition
examine the underlying rationale for actions, process, or circumstances
useful for problem solving, planning and several other purposes
Term
Product MIx
Definition
assortment of goods and services that a business offers in order to meet its markets' needs and company goals
Term
Target Market
Definition
particular group of customers that a business seeks to track
Term
Customer Feedback
Definition
a good way for bussinesses to evaluate how it is meeting customer needs and what it needs to do to increase customer satisfaction
Term
Feature
Definition
physical characteristic of a product
Term
Benefit
Definition
personal satisfaction or advantage that a customer wants from a product
Term
Obvious/Apparent Benefits
Definition
advantages that need little explanation by the sales person
Term
Unique/Exclusive Benefits
Definition
advantages that are available only from your business
Term
Hidden Benefits
Definition
advantages that cant be seen or understood without the assistance of a salesperson
Term
Appearance
Definition
dominant factor in many buying decisions
Term
Unique/Novel Features
Definition
having desirable features that your competitor does not have
Term
Durability
Definition
how long a product will last and give dependable service
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