Activity 1 Directions: Out of the basic components of an economic market, choose one and explain it

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Activity 1

Directions: Out of the basic components of an economic market, choose one and explain it.

 

Basic component chosen: ______________________________

 

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The basic components of an economic market which are: 

1. Market Identification

 2. Business Cycle

 3. Product Niche

 4. Growth Potential

 5. Competition

 

Activity 2

Directions: With your identified products (Products 1 and 2), analyze each with its basic components of an economic market.

 

In the previous lesson the 

Product 1: Beauty products

Product 2: Textile  products

 

Product 1: _______________________________

 

MARKET IDENTIFICATION

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BUSINESS CYCLE

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PRODUCT NICHE

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GROWTH POTENTIAL

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COMPETITION

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IS THIS PRODUCT VIABLE OR NOT? _________________

 

RECOMMENDATION? (SHALL YOU PURSUE PRODUCING THIS PRODUCT TO THE MARKET? WHY? WHY NOT?

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Product 2: _______________________________

 

MARKET IDENTIFICATION

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BUSINESS CYCLE

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

PRODUCT NICHE

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

GROWTH POTENTIAL

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

COMPETITION

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

IS THIS PRODUCT VIABLE OR NOT? _________________

 

RECOMMENDATION? (SHALL YOU PURSUE PRODUCING THIS PRODUCT TO THE MARKET? WHY? WHY NOT?

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