What is the entrepreneurial process?

Entrepreneurial Process Quiz

Quiz
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Business
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Professional Development
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Hard
JUANITA LEOPOLDO
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A structured approach that transforms innovative ideas into successful business ventures.
A method for generating business ideas.
A way to analyze market competition.
A strategy for financial planning.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the first step in the entrepreneurial process?
Feasibility Analysis
Ideation
Business Planning
Execution
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the purpose of feasibility analysis?
To generate business ideas.
To assess the practicality and success potential of the business idea.
To develop a marketing strategy.
To implement the business plan.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does business planning involve?
Setting objectives and strategies.
Conducting market research.
Identifying target markets.
All of the above.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is essential for executing a business plan?
Establishing operations and launching products.
Conducting market research.
Identifying competition.
Setting objectives.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the goal of the growth phase in entrepreneurship?
To scale the business by expanding market reach.
To develop a business model.
To conduct feasibility analysis.
To generate alternative solutions.
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Why is planning essential for entrepreneurs?
It provides a roadmap for turning an idea into a successful business.
It helps in generating business ideas.
It is not important.
It only focuses on financial aspects.
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