The process of determining whether an entrepreneur's idea is a viable foundation for creating a successful business

The barrier/s of creativity is/are the following :

It is the ability to create new and useful ideas that solve problems and challenges people face everyday

Which of the following is/are the drawbacks of entrepreneurship?

Which of the following is/are disadvantage/s of Limited Liability Company?

The purchase of a corporation by another corporation or investment group

Which of the following is not a disadvantage of sole proprietorship?

The contract in which a business seller agrees not to compete with the buyer within a specific time and geographic area.

It is a road map of the actions an entrepreneur draws up to achieve company's mission, goals, and objectives

A legal entity with an existence and life seperate from its owners, who therefore are not personally liable for its debts

Which of the following is /are the benefits of entrepreneurship?

Which of the following is /are the steps of acquiring a business?

Choose a form of organization by evaluating ___

Negative internal factors that inhibit a company's ability to accomplish its mission, goals, and objectives

A written summary of an entrepreneur's proposed business venture, its operational and financial details, its marketing opportunities and strategy, and its manager's skills and abilities

It protects business buyer from the claims unpaid creditors might have against a company's assets

Entrepreneurs tend to exhibit ___

Number of competitors is large or few (less than 5)

Positive internal factors that a company can draw on to accomplish its mission, goals, and objectives

Which of the following is/are elements of a Business Plan?

Any activity which is undertaken with an intention to earn profit is called

Which of the following is/are the disadvantages of buying a Business?

They sell a commodity product to the companies in it

Don't be in such a hurry to close the deal that you end up giving up much of what you hoped to get

The company's target markets and the benefits its product or service will provide

Which of the following is /are the benefits of franchising?

Examine the needs of both parties and all of the relevant external factors affecting the negotiations before you sit down to talk

It is the result of an entrepreneur's dream of something that does not exist yet and the ability to paint a compelling picture of that dream for everyone to see

It refers to something new or to change made to an existing product, idea, or field

The business organization in which a franchisor supplies the product concept to the franchise, who sells the goods or services

Which of the following is/are the cultural diversity of entrepreneurship?

Which of the following is/are aspects of a small company?

The aggregation of factors that sets a company apart from its competitors and gives it a unique position in the market that is superior to its competition

The combination of 2 or more firms to form a new company, which often takes a new corporate identity

One characteristic of entrepreneurs that stand out

Which of the following is/are elements of a Business Plan?

The qualifications of the founders and/or key employees and the key financial highlights

Why would a new business venture choose to operate as a partnership?

Advantages of economic scale are not present and the capital requirements to enter are low

Which of the following is/are an advantage/s of Limited Liability Company?

What lenders and investors look for in a business plan?

It involves developing a game plan to guide a company as it strives to accomplish its mission, goals, and objectives, and to keep it on its desired course

Company's general business goals and the company's immediate objectives

Which of the following is/are the Characteristics of Entrepreneurs?

Description of production process, strategic raw materials, sources costs.

Tehe switching cost to competitors is high and their numbers is large

Which of the following is/are the main forms of business organization?

There are some negative attributes of buying a franchise and those include?

Formed by the people with similar interests, such as customers and suppliers

Overview of industry or market segment

The practice of gathering, organizing, and disseminating the collective wisdom and experience of a company's employees for the purpose of strengthening its competitive position

Leaders of innovation has identified the following secrets for Leading Creativity

Entrepreneur can stimulate their own creativity and encourage it among workers by:

The company's business model and basis for competitive edge

Most Entrepreneurs turn to family members and friends for

Steps to consider in buying a franchise is/are

Positive external factors the company can exploit to accomplish its mission, goals, and objectives

Existing or anticipated profitability of the industry

Which of the following is/are the Advantages of buying a business?

One who creates new business in the face of risk qnd uncertainty for the purpose of achieving profit and growth by identifying opportunities and assembling profit and growth by identifying opportunities and assembling the necessary resources to captalize on them

Remain calm during the negotiation

A clearly defined vision

Which of the following is/are the Elements of Marketing Strategy?

Proving that a profitable market exists by showing customers interest and documenting market claims

The creditors' claims against an asset

The buyer's ability to assume rights under seller's existing contracts

Which of the following is/are Strategic Management Process?

Which of the following is not an advantage of sole proprietorship?

An original, functional model of a new product that entrepreneurs can put into the hands of potential customers so they can see it, test it, and use it

It involves generating something from nothing

Which of the following is/are the types of franchising systems?

Why would a new business venture choose not to operate as a partnership?

Which of the following is/are the Deadly Mistakes of Entrepreneurship?

It is a written expression of how the company will reflect an entrepreneur's values, beliefs, and vision - more than just "making money"

Quality ___ products are not readly available and the prices of which are not lower.

Negative external factors that inhibit the firm's ability to accomplush tis mission, goals, and objectives

Helps in growing branches of different businesses and then these businesses grow products as fruit.

Recording this in timely and accurate manner is critical to knowing where your business stands

Involves innovation, risk taking, and decision-making

His definition of entrepreneurship placed an emphasis on innovation

Most profitable customers

Companies have systems in place to avoid this type of customers

During this phase, it is time to take advantage of the situation and execute all of the great ideas and projections ascertained from the two prior phases

It becomes difficult especially in a service environment where labor as well as time also has a cost factor associated with it

There are not enough employment opportunities in the formal sector. The small business sector has the capacity to create many jobs

People in your target market who are not currently looking for a solution

Without developing a core competency, a company may be highly profitable

They may sell directly into the market but largely they need to be kept aligned to your strategy

They need to know how to represent a company, manage accounts, and follow up on leads

Which of these is a job you can get with an Entrepreneurship Degree?

These cost include materials used, direct labor, plant manager salaries, freight and other cost associated with operating a plant

Enables you to concentrate on solve your target market's problems

These liabilities typically consist of all bank debt or stockholder loans payable outside of the following 12-month period

A person who writes the text of advertisements or publicity material

They are like competitors but their products are not the same

A bookkeeper's central role :

Rhis figure represents the amount of income earned by the business before paying taxes

The state of being spread out or transmitted

Most likely have a keen sense of what type of person is needed to fulfill a position

Cost of goods, commission or discounts, variables and fixed expenses

A profile for a business would include such factors as customer size, number of employees, type of products, and annual revenue

Are assets for long-term use and include land, buildings, leasehold, improvements, equipment, machinery and vehicles.

The cost incurred to deliver the product from the production unit to end user. It is a broad terminology and it includes several costs.

There are those people in society whose ultimate goal is to go into business at some defined point life no matter how attractive wage employment might seem

The most important advantage of having core competencies is having this

Strategic Architecture requires the distillation of past and present data to answer which of these questions

Every business needs a reason for their customers to buy from them and not their competitors

Entrepreneurs have a strong desire to achieve higher goals

An individual who works to fill the job openings in business or organizations

A company in the same industry or similar industry that offers a similar product or service

Which of these is a key financial statement?

To succeed as an entrepreneur, you must develop the ability to select and offer the right products or services to your customers

Coined the term core competency in 1989

All of your business transactions pass through this account

Market Potential will enable you to more accurately assess this.

Indicate how similar products are selling in the marketplace, using the market research that you have collected

It is critical to find balance between prospects and customers to ensure that your future revenue is protected, while still keeping existing customers happy.

Give the character depth and be genuine

The drive train that gets us where we going

Which of these is an example of a business structure?

The job of entrepreneur is not for

These include sales of common stock, changes in short- or long-term loans and dividends paid

Core capabilities are crucial for this

Problems with yet undefined status

The desire for status, enhanced appearance and more money are examples of this variable

Truly think outside the box, stretch the limits, and are combinatorial in non-traditional ways

The total cost associated with delivering goods or services to customers

Customer classification depending on profitability

A party that supplies goods or services

Entrepreneurs are always alert to opportunities

Entity that advances cash to a borrower for a stated period and for a fixed or variable rate

If I asked people what they wanted, they would have said faster

If you have a retail outlet, you have the means of distributing a customer comment card or ___

To make a product successful, you must be

A certain amount of risk is involved in all entrepreneurial ventures, and growth is no different

If you ask too many deep questions, you might lose the

This is when a company purchases a fixed asset and expenses it over the entire period of its planned use, not just in the year purchased

Successful entrepreneurs always have the profit margin in sight and know that their business success is measured by profits

Includes all revenue streams generated by the business