RECOGNIZE A POTENTIAL MARKET

What is the entrepreneurial mind frame essential for in seeking opportunities?

• Being pessimistic

• Seeing things in a negative way

• Seeing things in a positive and optimistic way

• Avoiding risks

What drives entrepreneurs to discover satisfaction in the act and process of discovery?

• Passion

• Fear

• Indifference

• Apathy

What does the entrepreneurial gut game refer to?

• Intuition and confidence

• Lack of confidence

• Fear of failure

• Lack of belief in oneself

What is an example of a change in the physical environment that can lead to entrepreneurial opportunities?

• Change in technological environment

• Change in government policies

• Change in societal values

• Change in climate

What can lead to the discovery of business opportunities?

• Technological discovery and advancement

• Government's restrictions

• Decrease in people's interest

• Decrease in past experiences

What is a potential source of entrepreneurial ideas?

• Changes in the environment

• Decrease in technological discovery

• Decrease in government policies

• Decrease in people's interest

What is the industry environment characterized

• Decrease in substitute products

• Lack of competition

• Decrease in rivalry among existing firms

• Presence of competition

What is the intensity of rivalry among existing firms characterized?

• Decrease in industry growth

• Lack of competing firms

• Diversity of rivals

• Decrease in fixed costs

What does a substitute product serve as?

• A non-essential product

• A non-related product

• A competing product

• A complementary product

What do suppliers provide in business operations?

• Consumer goods

• Office supplies and equipment

• Industrial machinery

• Agricultural products