ENTREPRENEURIAL OPPORTUNITY

ENTREPRENEURIAL OPPORTUNITY

12th Grade

10 Qs

quiz-placeholder

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ENTREPRENEURIAL OPPORTUNITY

ENTREPRENEURIAL OPPORTUNITY

Assessment

Quiz

Business

12th Grade

Easy

Created by

Vedika Singh

Used 2+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best defines a business opportunity?

Any random idea that an entrepreneur likes

A social service with no focus on returns

An economic activity that leads to business/trade and ensures profit

A government policy that promotes new businesses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An entrepreneur ensures two key factors while identifying a business opportunity. What are they?

Availability of raw materials and government subsidies

Low production costs and high employee salaries

Business registration and availability of loans

Presence of a good market and return on investment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an essential element of a business opportunity?

Assured market scope

Attractive and acceptable rate of return

Personal interest of the entrepreneur

Potential for future growth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following factors is essential for identifying a business opportunity?

Practicability of the idea

Random market trends

Immediate high profits with no future growth

Entrepreneur’s personal preferences only

5.

MATCH QUESTION

1 min • 1 pt

Match the following - PERCEIVING AND SENSING OPPORTUNITIES

Collect Information

Look for patterns

Analyse emerging patterns

businesses must embrace innovation

entrepreneurs perceive opportunities

Observing market trends

synthesize the available information

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is environment scanning important for a business?

It eliminates the need for strategic planning

It helps in identifying opportunities for a first-mover advantage

It ensures businesses never face competition

It guarantees immediate success without effort

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A food delivery company, QuickBite, observes a growing demand for late-night food delivery. It partners with night-time restaurants to expand its services and increase revenue..

Sensitization to cope with rapid changes.

Better performance.

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