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WorksheetsUnit 2-Testing and Evaluating Opportunities
Total questions: 10
Worksheet time: 7mins
What does a S.W.O.T Analysis stand for?
(a)
What is a customer need or want that can be met by a new business called?
Business Marketing
Business Opportunity
Business Validation
Business Data
What is a business opportunity that has been tested and proven to be a business opportunity with data called?
Validated Target Opportunity
Validated Marketing Opportunity
Validated Data Opportunity
Validated Business Opportunity
A value of what you will give up to get something is called Opportunity Cost.
True
False
When a business owner carefully considers the potential costs and benefits before starting a business what is that called?
Testing an opportunity
Calculated Risk
Collecting Data
When an entrepreneur see the possibility of pursuing a business idea it is called?
Marketability
Feasibility
Stability
Accountability
All business ideas can be a business opportunities.
True
False
There are 8 parts of the Lean Canvas Business Model.
True
False
Entrepreneurs must validate their business opportunity with_______.
calculated risk
cost
ideas
data
The SWOT Analysis is a tool that helps entrepreneurs validate their best business ________.
ideas
data
risk
feedback
