Entrepreneur Quiz (Group 6)

What is our topic for today's lesson?

Is something that is a desire to possess.

• Want

• Need

• Potential

• Market

A market which would give a good return on the costs incurred would only lead to good business today as well as in future.

• Growth Rate of the Market

• Return on Investment

• Political Environment

• Category Competition

This means the total value of customers or clients for the particular offering, higher the number better it is.

• Return on Investment

• Total Size of the Market

• Growth Rate of the Market

• Entry Barriers

The creation that leads to the identification of entrepreneurial opportunities, which in turn results in the opening of an entrepreneurial venture.

• Return on Investment

• Potential Revenue

• Growth Rate of the Market

• Entrepreneurial Ideas

In international markets, this forms is very important factor in determining the market potential.

• Internal Environment

• External Environment

• Legal Environment

• Political Environment

It can be an issue or large operational or setup cost.

• High Maintenance Cost

• Entry Barriers

• High Initial Investment

• Limited Market Reach

This competition would determine the market potential. More would be the number of competitors, less would be the share the new organization would be able to take.

• Business Competition

• Entrepreneurial Competition

• Category Competition

• Market Competition

In your own opinion, what is Potential Market?