ENTREPRENEURSHIP - Chapter 2

What is BMC?

• Business Idol Canvas

• Business Model Carnival

• Business Mark Canvas

• Business Model Canvas

Example of secondary sources are...

• Survey

• References

• Interview

• Experiment

Business idea is a proven concept to create product/service

• True

• False

Successful business idea must consider these 3 things EXCEPT;

• Market value

• Benefit

• Bribery

• Profitable

Newspaper, magazines & internet are example of..

• Survey

• Mass/electronic media

• References

• Experiment

Experience, skills, interest, financial ability, knowledge are the example of..

• Performing self-assessment

• Preparing a business plan

• Recognize customer needs and wants

• Analyze the environment

Business opportunity can generate ongoing income

• True

• False

Choosing a business opportunity includes

• Legality

• Demographic

• Skill

• Finance

The 3rd sequence for BMC is..

• Cost

• Customer segment

• Customer relationship

• Revenue streams

Which is WRONG about business idea?

• Not all business ideas end up being profitable

• A CONCEPT that can be used to make money

• Profitable in the long run

• First step in the process of founding a business