Business Opportunities and Analysis

Business Opportunities and Analysis

Assessment

Flashcard

Business

University

Practice Problem

Hard

Created by

NORASHIKIN ADAM

FREE Resource

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22 questions

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1.

FLASHCARD QUESTION

Front

What is an opportunity in business?

Back

A situation that enables an entrepreneur to offer products or services to interested or potential buyers.

2.

FLASHCARD QUESTION

Front

What are the key components of the opportunity development process?

Back

1. Identify Opportunity 2. Evaluate Opportunity 3. Select Opportunity

3.

FLASHCARD QUESTION

Front

What factors should be considered when evaluating an opportunity?

Back

Market conditions, operational processes, and financial aspects.

4.

FLASHCARD QUESTION

Front

What does SWOT stand for in SWOT analysis?

Back

Strengths, Weaknesses, Opportunities, Threats.

5.

FLASHCARD QUESTION

Front

What is the purpose of SWOT analysis?

Back

To develop strategies that maximize strengths and capitalize on opportunities while assessing internal and external factors.

6.

FLASHCARD QUESTION

Front

What are the four elements of the Business Model Canvas (BMC)?

Back

1. Customer Segments 2. Value Propositions 3. Channels 4. Customer Relationships.

7.

FLASHCARD QUESTION

Front

What is the significance of customer segments in a business model?

Back

They represent distinct groups of customers with common needs and behaviors.

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