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ENTREPRENEURSHIP CHAPTER 3 TEST: RECOGNIZING OPPORTUNITY

Authored by Sandra Eldridge

Specialty

9th - 12th Grade

33 Questions

Used 97+ times

ENTREPRENEURSHIP CHAPTER 3 TEST:  RECOGNIZING OPPORTUNITY
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first step in the entrepreneurial process is to _____. 

identify a business opportunity
secure financing
find a backer
find a strategic alliance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A/An _____ conducts business by means of the Internet.

home-based business
online business
service business
manufacturing business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Services are _____ things that businesses do for us that enhance our lives. 

basic
tangible
intangible
various

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is contracting with other companies for services. 

Hiring
Outsourcing
Packaging
Cooperation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Hiring a firm to design and produce packaging for your product is an example of _____.

goodwill
outsourcing
packaging
cooperation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Forming a partnership with another company is known as a _____.

joint venture
corporation
strategic alliance
melding

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A/An _____ is a new venture started inside a large corporation.

corporate venture
new company
spin-off
independent company

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