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ENTRE TRIVIA

Authored by Soodipa Chakraborty

Professional Development

University

Used 3+ times

ENTRE TRIVIA
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The easiest part of launching a business is coming up with an idea for a new business.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business success requires much more than just a great new idea.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The idea assessment is the process of examining a particular need in the market, developing a solution for that need and determining the entrepreneur's ability to successfully turn the idea into a market.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The best business ideas start with a group of customers with a common problem.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A feasibility analysis is a process of determining whether entrepreneurs' ideas are a viable foundation for creating a successful business.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Providing that a profitable market exists involves two steps

Show customer interest Proves that target customers actually need or want the product or service.

Document market claims

Supports market size and growth rates with facts

Both

None

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A feature is a descriptive fact about a product or service (e.g. ergonomically designed, more comfortable to handle)

TRUE

FALSE

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