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WorksheetsOpportunity Seeking, and Screening
Total questions: 10
Worksheet time: 8mins
Before starting her own trading and manufacturing business producing toilet pumps, toilet handles, mops, and other janitorial products, Elizabeth first worked for her sister's rubber trading business. There she met rubber suppliers and learned the intricacies of producing toilet pumps, mops, and other items. What personal sources of opportunities is being described?
Education and Training
Innate skills and hobbies
Work Experiences and Exposures
Serendipitous Encounters
What macro-environmental sources that includes the demographics and cultural dimensions that govern the relevant entrepreneurial endeavor?
Socio-cultural Environment
Political Environment
Economic Environment
Ecological Environment
What macro-environmental sources which includes all natural resources and the ecosystem that includes all human beings, animals, plants, and minerals?
Socio-cultural Environment
Political Environment
Economic Environment
Ecological Environment
It can be discovered from increased or decreased demand as well a higher or lower supply.
Industry Sources of opportunity
Market sources of opportunities
Micromarket
Macromarket
It refer to the tastes of particular groups of people.
Opportunity Screening
Opportunity Seeking
Consumer preferences
Entrepreneur's preferences
Oppotunities requiring fewer resources from the entrepreneur may be more favored than those requiring more resources. What opportunity screening is this?
Returns
Revolutionary Impact
Risks
Resources Required
What are the opportunities and threats in the industry that you expect to participate in?
It refers to the specific target market segment of a particular enterprise.
Micromarket
Macromarket
Market sources of opportunities
Industry sources of opportunity
________ focuses on the economic rather than the volume aspect of the chain.
Product chain
Value-added Chain
Micromarket
Macromarket
McDonald's vs. Jollibee is an example of __________.
Direct Competitors
Indirect Competitors
Product Chain
Value-added Chain
