E OBJ 2.01 A MC

Front

Which of the following is a true statement about a business's environment:
It is always changing,
It can be avoided,
It may not affect the business, depending on the industry,
It consists of the economy and technology

Back

It is always changing

Front

Identifying new product opportunities usually requires a person to be

Back

aware.

Front

Which of the following statements is true about entrepreneurial discovery: It's an ongoing process that facilitates a business's success rate.

Back

It's an ongoing process that facilitates a business's success rate.

Front

The entrepreneurial discovery process requires knowledge and the recognition of a(n)

Back

Market Need

Front

Entrepreneurs often discover business start-up ideas by looking for gaps between what is currently being done and

Back

what needs to be done

Front

Entrepreneurial discovery is an important process in a free-enterprise economic system because an entrepreneur or small-business owner can

Back

Satisfy an unmet demand