Entrepreneurship: Opportunity Recognition, Ch. 6

Front

One example of a quick-summary type of business plan is called an _____________________ pitch.

Back

elevator

Front

The purpose of the oral presentation is to interest potential ________________ in reading the detailed business plan.

Back

investors

Front

A written business plan should be no more than ______ typed pages.

Back

20

Front

A well-written business plan never needs to be revised.

Back

False

Front

A well written business plan should take at least three hours to read.

Back

False

Front

A business should fill a ________ or _________ that is not currently being met.

Back

need, want

Front

A business must provide a product or service at a price that will attract customers but still earn a reasonable

Back

profit

Front

Creative thinking works well for generating ___________ and recognizing _______________.

Back

ideas and opportunities

Front

Every business idea is a good opportunity

Back

False

Front

Challenging the usual involves asking "Why" and "What if" questions

Back

True