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WorksheetsQ1M2
Total questions: 10
Worksheet time: 5mins
This allows the entrepreneur to see things in a very positive and optimistic way in the midst of difficult situation.
Entrepreneurial mind frame
Entrepreneurial heart flame
Entrepreneurial gut game
None of the above
Refers to the ability of the entrepreneur of being intuitive.
Entrepreneurial mind frame
Entrepreneurial heart flame
Entrepreneurial gut game
None of the above
The following are various forces of societal environment except.
Political forces
Economic
Sociocultural
Natural resources
The following are industry environment of the business except.
Competitors
Customers
Creditors
Wildlife
The following are sources of opportunities except.
Changes in the environment
Technological discovery and advancement
Competition
People's interest
It is the act or process of trying to get or win something.
Buyers
Potential new entrants
Rivalry among existing firms
Competition
A substitute product can give a big threat in the industry environment if the following factors are notice except.
Switching cost is low.
Preferences and tastes of the customers easily change.
Rate of industry growth.
Product differentiation is highly noticeable
The intensity of rivalry among existing firms is characterized to the following factors except
Diversity of rivals.
Number of competing firms.
Characteristics of the products or services.
High cost of product differentiation.
This means anything that takes the place or function of another. For example the consumers decide to use margarine as a substitute for butter
Competition
Buyers
Substitute
Rivalry
It is a state or situation in which people or groups are competing with each other.
Substitute
Costumers
Rivalry
New entrant
