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WorksheetsENT600 OPPORTUNITY ANALYSIS
Total questions: 8
Worksheet time: 4mins
Which of the following best describe Entrepreneurial Opportunity?
Situations in which new products, services and processes can be introduced and sold at greater than the cost of production
Situations in which new products, services and processes can be predicted to have higher sales than similar existing products
Situations in which existing products, services and processes shows decline is sales and in need of alteration
Situations in which products, services and processes can be produced whenever the resources are ready
"Short period of time during which an opportunity must be acted on" is the definition of
Entrepreneurial opportunity
Changing Opportunity
Window of opportunity
Attractive opportunity
Which of the following best describe picture?
Opportunity Analysis
Changing Approach
Window of Opportunity
Attracting Strategy
Which of the following is true about Internal Factors of Opportunity Evaluation?
Market which involves determining the size of the market and the potential customers
Resources which include financial, physical and human resources consistent with magnitude of business venture
Financial which involves costs to be incurred in developing the business venture
Technical which involves determining the requirements to proceed with the idea include machineries, raw materials, infrastructure and the processes
Which of the following is true about feasibility study?
A tool to identify whether the business idea is feasible or not
A final discussion identify whether the business idea is feasible or not
A decision to identify whether the product prototype is feasible or not
A questionnaire to stakeholders to identify whether the business idea is feasible or not
Which is not included in factors to be considered in making the decision?
The product will give significant value to the customer
The entrepreneur can attract the necessary financial, physical, and human resources required by the venture opportunity
The sales price should always be relatively lower than competitor's price
The expected return of the venture is consistent with the risk of the venture
Which is true about technology-based idea blueprint?
Document summarizes the entrepreneur's proposal of a business venture
Document showing the past history of entrepreneur's proposals of a product
Document recording all of the entrepreneur's ideas of a product improvement
Document categorizing the technology used in a product that is about to be commercialized
Which of the following is not included in Characteristics of an Attractive Opportunity?
Important
Long-lasting
Solvable
Profitable
