New Venture Development - Final Exam Prep
Flashcard
•
Professional Development
•
University
•
Hard
Standards-aligned
Wayground Content
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56 questions
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1.
FLASHCARD QUESTION
Front
Which of the following is NOT a trait of an entrepreneurial mindset? Adaptability, Resourcefulness, Risk Avoidance, Long-Term Vision
Back
Risk Avoidance
2.
FLASHCARD QUESTION
Front
Entrepreneurs primarily focus on maintaining the status quo rather than creating change.
Back
False
3.
FLASHCARD QUESTION
Front
Opportunity recognition is the process of:
Back
Identifying a potential business idea or market need that can be turned into a viable venture.
4.
FLASHCARD QUESTION
Front
What best defines a customer-centric approach in entrepreneurship?
Back
Prioritizing the needs and experiences of the target customer
5.
FLASHCARD QUESTION
Front
Which company identified a gap in affordable and unique lodging options and filled it by creating a platform for people to rent out their homes to travelers?
Back
Airbnb
6.
FLASHCARD QUESTION
Front
What is the purpose of market research?
Back
To support business decisions with data
7.
FLASHCARD QUESTION
Front
A market trend refers to the average price of goods in the market.
Back
False
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