CM 2 QUIZ

This allows the entrepreneur to see things in a very positive and optimistic way in the midst of difficult situations. What essential quality in an entrepreneur’s opportunity seeking does this describe?

• Mind Frame

• Heart Flame

• Gut Game

• Business Frame

Entrepreneur's driven passion, they are attracted to discover satisfaction in the

act and process of discovery. What essential quality in an entrepreneur’s opportunity seeking does this describe?

• Mind Frame

• Heart Flame

• Gut Game

• Business Frame

This refers to the ability of the entrepreneur of being intuitive. What essential quality in an entrepreneur’s opportunity seeking does this describe?

• Mind Frame

• Heart Flame

• Gut Game

• Business Frame

Why is research and development crucial for generating new product ideas?

• It helps in understanding market needs and          technological feasibility

• It ensures immediate market success

• It reduces the need for market testing

• It increases the cost of product development

How can monitoring established products and services in the market help in generating new product ideas?

• By copying the existing products

• By identifying gaps and opportunities for improvement

• By reducing competition

• By avoiding any innovation

These are events that may negatively affect your business.

• Strengths

• Weakness

• Oppurtunities

• Threats

These are the specific positive aspects which give your proposed business an advantage over similar business ventures and the competitors.

• Strengths

• Weakness

• Oppurtunities

• Threats

These are the things that your business will not do as well as other businesses.

• Strengths

• Weakness

• Oppurtunities

• Threats

Why is it important for entrepreneurs to be intuitive in their opportunity seeking?

• Mind Frame

• Heart Flame

• Gut Game

• Business Frame

How can identifying gaps and opportunities for improvement in established products and services help in generating new product ideas?

• By copying the existing products

• By identifying gaps and opportunities for improvement

• By reducing competition

• By avoiding any innovation