Unit 2-Testing and Evaluating Opportunities

What does a S.W.O.T Analysis stand for?

(a)  

What is a customer need or want that can be met by a new business called?

What is a business opportunity that has been tested and proven to be a business opportunity with data called?

A value of what you will give up to get something is called Opportunity Cost.

When a business owner carefully considers the potential costs and benefits before starting a business what is that called?

When an entrepreneur see the possibility of pursuing a business idea it is called?

All business ideas can be a business opportunities.

There are 8 parts of the Lean Canvas Business Model.

Entrepreneurs must validate their business opportunity with_______.

The SWOT Analysis is a tool that helps entrepreneurs validate their best business ________.