Exam 2: Entrepreneurial Opportunities: Their Origins, Forms, and Suitability For New Ventures

New companies tend to be more successful when they develop products and services that are discrete. Which of the following is the most likely to be a discrete product?

Researchers have identified three major changes that give rise to sources of opportunity for entrepreneurs. List,describe,and give an example of each of the three major changes.

Which of the following would be the first thing for an entrepreneur to do?

Which of the following categories of adopters,or users,of a product tends to be largest?

Changes in human populations might present opportunities for entrepreneurs because

A entrepreneur attended an industry conference and went to a presentation delivered by a person from another business. At the presentation,the entrepreneur heard some interesting ideas that could be used in her business. Which of the following refers to how the entrepreneur learned the new information?

The exploitation of niches requires quick and agile firms that can take advantage of market segments that other firms have left unsatisfied.

"Demand conditions" refers to understanding customer preferences for products or services in an industry.

The most common means of developing an opportunity tend to take the form of new products or services.

An entrepreneurial opportunity refers to changes occurring in which one of the following,allowing the potential to create something new?

Because firms have to operate in an industry to gain experience,from this perspective,new firms are

Starting a new company is easiest in which of the following conditions?

New firms do much better when industries are

A new firm is said to be higher on the learning curve than an established firm.

Almost all personal computers (PCs)use the same type of processing components. This type of use of the components is known as

Which of the following types of changes are most likely to provide opportunities to redistribute wealth from one person to another?

"Amortized fixed costs" is the phrase that researches use to explain the attributes of customer preferences for products and services in an industry.

The term that economists use to refer to the type of information that underlies the production of products and services in an industry is

Entrepreneurs can develop business ideas to take advantage of five different types of opportunities. Which of the following is least likely to be a major entrepreneurial opportunity?

Which of the following is NOT one of the three major sources of opportunity?