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    Task 2: Situations Ratin G Justifications 5 4

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    Mariam Gamos
    The document discusses various companies and their products/services that meet market needs in the Philippines. It also evaluates potential business opportunities during the COVID-19 pandemic and their ratings. Specifically, it finds that producing face masks and online businesses have higher ratings due to addressing current needs, while a massage center has a lower rating given pandemic concerns. The document emphasizes understanding market needs and selling products that fulfill those needs, especially during different situations.

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    Task 2: Situations Ratin G Justifications 5 4

    Uploaded by

    Mariam Gamos
    90 views2 pages
    The document discusses various companies and their products/services that meet market needs in the Philippines. It also evaluates potential business opportunities during the COVID-19 pandemic and their ratings. Specifically, it finds that producing face masks and online businesses have higher ratings due to addressing current needs, while a massage center has a lower rating given pandemic concerns. The document emphasizes understanding market needs and selling products that fulfill those needs, especially during different situations.

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    Entrep Module 2

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    The document discusses various companies and their products/services that meet market needs in the Philippines. It also evaluates potential business opportunities during the COVID-19 pandemic and their ratings. Specifically, it finds that producing face masks and online businesses have higher ratings due to addressing current needs, while a massage center has a lower rating given pandemic concerns. The document emphasizes understanding market needs and selling products that fulfill those needs, especially during different situations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    90 views2 pages

    Task 2: Situations Ratin G Justifications 5 4

    Uploaded by

    Mariam Gamos
    The document discusses various companies and their products/services that meet market needs in the Philippines. It also evaluates potential business opportunities during the COVID-19 pandemic and their ratings. Specifically, it finds that producing face masks and online businesses have higher ratings due to addressing current needs, while a massage center has a lower rating given pandemic concerns. The document emphasizes understanding market needs and selling products that fulfill those needs, especially during different situations.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Subject: Entrepreneurship

    Quarter 3 – Module 2: The Potential Market and the Market Need


    TASK 2
    1. Samsung – Samsung Electronics provides high quality products from smartphones
    to televisions and other home appliances. They make life easier for Filipino
    consumers.
    2. Nestle – Nestle provides high quality foods and beverages to all. They believe that
    food has the power to enhance one’s life, provides nutrition for children’s growth,
    for pets and to everyone to live a meaningful life.
    3. Nike – Nike supplies high quality shoes, clothing and accessories to everyone. Their
    products last long, can be trusted and boost confidence to the person wearing it
    because of its fascinating design.
    4. Colgate – Colgate provides almost a hundred year of service to the Filipinos, giving
    each person a beautiful smile, healthy teeth and fresh mouth.
    5. Coca-cola – Although it can caused negative effects to our health, Coca-cola
    continues to provide refreshment and completes the meal of some Filipinos most
    especially if the viand is more on meat and beef.
    6. Dove – Dove cares for our beauty, keeps our skin healthy, vibrant and young-
    looking. It also keeps our hair smooth and shining. Dove is love.

    TASK 4
    Situations Ratin Justifications
    g
    To produce face masks 5 In the midst of the pandemic, producing face masks and PPEs
    are necessary to lessen the spread of Covid-19.
    and PPEs.
    To open on-line 4 Online business are advisable during this pandemic because it
    business for fashion enables sellers and buyers to stay at home and/or went out if
    and accessories. necessary.
    To open a massage 2 Although massage is a good form of relaxation, opening a
    massage center, in my opinion, is not good for now due to the
    center.
    pandemic. If ever the business owner does not have any other
    choice, maybe he/she can give service only to his neighbors or
    people in their non Covid-19 case community.
    To open a computer 1 Computer shops are important in some ways such as
    researching and printing services, but for now it’s better not
    shop.
    to open a new one because kids will most likely to visit the
    shop.
    To open a carenderia. 3 Although not everyone will buy or eat at carenderias due to
    the pandemic, there are some workers, construction workers
    for instance, choose to eat at carenderias because it helps
    them save money and lessen work especially the cooking.
    TASK 5
    1. I learned that in market, its best to sell products that are needed by the people
    in the current situation.
    2. I have realized that market plays a big role in the economy. It provides the need
    of the people and identifies future products that are expected by the people.
    3. I will apply what I have learned about the potential market, its importance and
    the market need in opening a new business or advising someone who plans to
    open a new one.

    ASSESSMENT
    1. Penetrated Market
    2. Available Market
    3. Potential Market
    4. Target Market
    5. Penetrated Market
    Matching Type
    1. Market Strategy
    2. Consumer
    3. Market
    4. Market share
    5. Target Market
    6. Potential Market
    7. Customer
    8. Need
    9. Demographic group
    10. Market Size

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