Entrepreneurship Ch 7

A manufacturer with whom you discuss a product idea should sign this type of agreement to keep the information that is discussed confidential

• nondisclosure agreement
• prototype agreement
• privacy agreement

A ____ is something that people must have to survive.

• want
• need
• luxury

A ______ _______ is a consumer need or want that can potentially be met by a new business

• window of opportunity
• business want
• business opportunity

There are ___ screening questions to check if something's a good idea

• 5
• 4
• 3

Which of the following is NOT a screening question?

• Does the idea fill a need or want not being met?
• Do I like my idea?
• Where will they buy it? (location or online)

When you pivot, you must...

• use someon else's idea
• keep moving forward
• change/revise the initial idea

The Window of Opportunity is…..

• when resources, time & location are all working in your favor
• change/revise the initial idea
• business opportunity

As an entrepreneur, CJ Walker made ___ products

• skin
• hair
• food

CJ Walker was one of the first self-made millionaires

• true
• false

Your hobbies, talents, & interest are __ of opportunity

• external
• internal
• exisiting