ENT600 OPPORTUNITY ANALYSIS

ENT600 OPPORTUNITY ANALYSIS

University

8 Qs

quiz-placeholder

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ENT600 OPPORTUNITY ANALYSIS

ENT600 OPPORTUNITY ANALYSIS

Assessment

Quiz

Philosophy, Education, Professional Development

University

Practice Problem

Hard

Created by

Anis Azhar

Used 18+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describe Entrepreneurial Opportunity?

Situations in which new products, services and processes can be introduced and sold at greater than the cost of production

Situations in which new products, services and processes can be predicted to have higher sales than similar existing products

Situations in which existing products, services and processes shows decline is sales and in need of alteration

Situations in which products, services and processes can be produced whenever the resources are ready

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"Short period of time during which an opportunity must be acted on" is the definition of

Entrepreneurial opportunity

Changing Opportunity

Window of opportunity

Attractive opportunity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following best describe picture?

Opportunity Analysis

Changing Approach

Window of Opportunity

Attracting Strategy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is true about Internal Factors of Opportunity Evaluation?

Market which involves determining the size of the market and the potential customers

Resources which include financial, physical and human resources consistent with magnitude of business venture

Financial which involves costs to be incurred in developing the business venture

Technical which involves determining the requirements to proceed with the idea include machineries, raw materials, infrastructure and the processes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is true about feasibility study?

A tool to identify whether the business idea is feasible or not

A final discussion identify whether the business idea is feasible or not

A decision to identify whether the product prototype is feasible or not

A questionnaire to stakeholders to identify whether the business idea is feasible or not

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not included in factors to be considered in making the decision?

The product will give significant value to the customer

The entrepreneur can attract the necessary financial, physical, and human resources required by the venture opportunity

The sales price should always be relatively lower than competitor's price

The expected return of the venture is consistent with the risk of the venture

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is true about technology-based idea blueprint?

Document summarizes the entrepreneur's proposal of a business venture

Document showing the past history of entrepreneur's proposals of a product

Document recording all of the entrepreneur's ideas of a product improvement

Document categorizing the technology used in a product that is about to be commercialized

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not included in Characteristics of an Attractive Opportunity?

Important

Long-lasting

Solvable

Profitable