Identify
Determine or establish as being a particular thing, or determine the key characteristics or
features.
Describe
Provide a detailed account of something; give the facts about something and if the
question refers to a process, provide a detailed account in sequential order.
Identify and describe two sources of business opportunity that
Subo are pursuing in creating ‘The Food Bottle’
Identify
Determine or establish as being a particular thing, or determine the key characteristics or
features.
Describe
Provide a detailed account of something; give the facts about something and if the
question refers to a process, provide a detailed account in sequential order.
Identify and describe two sources of business opportunity that
Subo are pursuing in creating ‘The Food Bottle’
Response
- Exporting to different countries to increase sales, making more money
- Being able to completely control how it will be made a manufactured
Response
- They are taking advantage of the global market for the countries that don’t have the product and they are also
making it environmentally friendly.
Identify
Determine or establish as being a particular thing, or determine the key characteristics or
features.
Describe
Provide a detailed account of something; give the facts about something and if the
question refers to a process, provide a detailed account in sequential order.
Identify and describe two sources of business opportunity that
Subo are pursuing in creating ‘The Food Bottle’
Response
Business opportunity is when a business takes advantaged of a new idea to increase the success of the company.
One way Subo is pursuing business opportunity is through research and development. Research and development
is when a business improves on its existing product or creates a new one by researching the current gaps in the
market, looking at competitors, ideas to improve upon them and test the product on a group of people.
Another source of business opportunity that Subo are pursuing is innovation. Innovation is when a business
creates a new product to fill a gap in the market and meet the customers changing needs. Subo are pursuing
innovation by creating a new idea and doing everything they can to make it work. Subo have recognized that their
product is one of a kind and have used innovation to make their product even better.
Identify
Determine or establish as being a particular thing, or determine the key characteristics or
features.
Describe
Provide a detailed account of something; give the facts about something and if the
question refers to a process, provide a detailed account in sequential order.
Identify and describe two sources of business opportunity that
Subo are pursuing in creating ‘The Food Bottle’
Innovation
Entrepreneurship
Market Opportunities (Gap in market, society attitudes,
advance in tech, demographics)
Changing Customer Needs
Global Market
Research and Development
Technological Development