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Identify and Explain Different Principles, Tools, and Techniques in Creating A Business

There are several principles, tools, and techniques important for creating a successful business. Key principles include identifying a customer need and developing a product or service to meet that need. Common tools involve writing a business plan to outline goals, operations, finances, and marketing strategy. Effective techniques range from conducting market research to determine competition and demand to selecting a business structure and location best suited for the planned business operations.

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Mary Jean Reformina
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125 views5 pages

Identify and Explain Different Principles, Tools, and Techniques in Creating A Business

There are several principles, tools, and techniques important for creating a successful business. Key principles include identifying a customer need and developing a product or service to meet that need. Common tools involve writing a business plan to outline goals, operations, finances, and marketing strategy. Effective techniques range from conducting market research to determine competition and demand to selecting a business structure and location best suited for the planned business operations.

Uploaded by

Mary Jean Reformina
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Identify and explain

different principles, tools,


and techniques in
creating a business
Principles in creating a business

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