Question

2. Corona Virus has brought business ideas to many entrepreneurs. a i. Identify one business opportunity...

2. Corona Virus has brought business ideas to many entrepreneurs.
a i. Identify one business opportunity as an entrepreneur
ii. Explain four (4) reasons why you think what you stated in 2.a.i. is an opportunity.

b. Discuss how you will make the following feasibility analysis on the business idea (production of face shields) 8marks
i. Concept testing
ii. Usability testing

Business   Operations-Management   
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Answer #1

a i. OPPORTUNITY:- GROCERY DELIVERY

ii. REASONS:-

  • INCREASES THE SALES, AS CUSTOMER FEELS CONVENIENT TO SHOP.
  • SHOWS HIGH RESPONSE, AS CUSTOMERS GROCERY IS BASIC REQUIREMENT FOR PEOPLE.
  • INCREASE SALES, AS CUSTOMERS FEEL COMFORTABLE.
  • INCREASES POSITIVE FEEDBACK, AS CUSTOMER FEELS SATISFIED AND HELPFUL IN SUCH PANDEMIC SITUATION.

b i. CONCEPTUAL TESTING:- E-GROCERY BUSINESS FOCUS ESPECIALLY ON THE PHYSICAL DISTRIBUTION OF GOODS. THERE ARE MANY E-GROCERY SERVICE PROVIDERS WITH OPERATING CONCEPTS AND OFFERING VARIOUS SERVICE LEVELS. THIS HELPS IN FAST AND CONVENIENT SERVICE TO CUSTOMERS .

ii. USABILITY TESTING:- E-GROCERY INCREASE SALES, PROFITABILITY AND MARKET SHARE. THE ONLINE STORE WILL ALLOW SHOPPERS TO ORDER FRESH ORGANIC FRESH ORGANIC GROCERIES WITH EASE FROM THE COMFORT OF THEIR HOUSE AND RECEIVE THEM THE SAME DAY AT AN AFFORDABLE PRICE.

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