Question 1

Stringent government approval processes may not signal a poor opportunity if potential margins are still relatively high.

Accepted Answer

A) True 
 B)False

Question 2

Better Opportunities tend to exist when:

Accepted Answer

A) The core customer group is small 
B) There is existing and strong competition 
C) The net margins greater than 10% 
D) There are mature market structures 
A) The core customer group is small 
B) There is existing and strong competition 
C) The net margins greater than 10% 
D) There are mature market structures

Question 3

What is the name of the process that is the equivalent of brainstorming, but with a focus on writing rather than verbal communication?

Accepted Answer

A) Paper-writing 
B) Brain-writing 
C) Mute-storming 
D) Brain-exploding 
E) Paper-storming 
A) Paper-writing 
B) Brain-writing 
C) Mute-storming 
D) Brain-exploding 
E) Paper-storming

Question 4

How can a business separate its target customers into categories of importance?

Accepted Answer

@#LAT-DLM&Starting with initial definition, people

Question 5

According to the chapter, people of Hispanic descent will comprise 25% of the US population by what year?

Accepted Answer

A) 2020 
B) 2030 
C) 2035 
D) 2040 
E) 2050 
A) 2020 
B) 2030 
C) 2035 
D) 2040 
E) 2050

Question 6

What is the function of the government in the process of enterprise creation?

Accepted Answer

@#LAT-DLM&For the most part, the U.S.government is

Question 7

Discuss the limitation of first mover advantage in an emerging market where intellectual property protections are not a major factor.

Accepted Answer

@#LAT-DLM&It is uncertain if the position occupied

Question 8

Which of the following most typifies a "cocktail entrepreneur?"

Accepted Answer

A) Fails to take action 
B) Popular 
C) Productive 
D) Decisive 
E) Possesses a predilection for cocktails 
A) Fails to take action 
B) Popular 
C) Productive 
D) Decisive 
E) Possesses a predilection for cocktails

Question 9

What can an entrepreneur do when there are no business opportunities at all?

Accepted Answer

@#LAT-DLM&There are always opportunities.
@#LAT-DLM&Don't be

Question 10

The graphical depiction that highlights the diffusion of product acceptance over time is:

Accepted Answer

A) S-Curve 
B) C-Curve 
C) U-Curve 
D) V-Curve 
E) J-Curve 
A) S-Curve 
B) C-Curve 
C) U-Curve 
D) V-Curve 
E) J-Curve

Question 11

An important technique in brainstorming is to say:

Accepted Answer

A) "Yes and…" 
B) "Yes, but…" 
C) "That won't work because…" 
D) "We need to avoid…" 
E) "Nice!" 
A) "Yes and…" 
B) "Yes, but…" 
C) "That won't work because…" 
D) "We need to avoid…" 
E) "Nice!"

Question 12

What is the only action that the "gather stimuli" stage requires of the entrepreneur?

Accepted Answer

A) Ask 
B) Think 
C) Do nothing 
D) Observe 
E) Research 
A) Ask 
B) Think 
C) Do nothing 
D) Observe 
E) Research

Question 13

Which of the following is NOT related to competitive profiling?

Accepted Answer

A) Net margins 
B) Revenues 
C) Tax rates 
D) Pricing 
A) Net margins 
B) Revenues 
C) Tax rates 
D) Pricing

Question 14

Asking leading questions is the best method of discovering the appeal of a potential product or concept.

Accepted Answer

A) True 
 B)False

Question 15

An entrepreneur should try to broaden his or her customer base definition at the early stages of developing an idea.

Accepted Answer

A) True 
 B)False

Question 16

In which stage is it important to play devil's advocate?

Accepted Answer

A) Optimize practicality 
B) Multiply stimuli 
C) Gather stimuli 
D) Create customer concepts 
E) Create stimuli 
A) Optimize practicality 
B) Multiply stimuli 
C) Gather stimuli 
D) Create customer concepts 
E) Create stimuli

Stringent government approval processes may not signal a poor opportunity if potential margins are still relatively high.

Better Opportunities tend to exist when:

What is the name of the process that is the equivalent of brainstorming, but with a focus on writing rather than verbal communication?

How can a business separate its target customers into categories of importance?

According to the chapter, people of Hispanic descent will comprise 25% of the US population by what year?

What is the function of the government in the process of enterprise creation?

Discuss the limitation of first mover advantage in an emerging market where intellectual property protections are not a major factor.

Which of the following most typifies a "cocktail entrepreneur?"

What can an entrepreneur do when there are no business opportunities at all?

The graphical depiction that highlights the diffusion of product acceptance over time is:

An important technique in brainstorming is to say:

What is the only action that the "gather stimuli" stage requires of the entrepreneur?

Which of the following is NOT related to competitive profiling?

Asking leading questions is the best method of discovering the appeal of a potential product or concept.

An entrepreneur should try to broaden his or her customer base definition at the early stages of developing an idea.

In which stage is it important to play devil's advocate?

The Power of Entrepreneurship

The Entrepreneurial Process

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters

Exam 3: Opportunity Recognition, Shaping, and Reshaping

Stringent government approval processes may not signal a poor opportunity if potential margins are still relatively high.

Better Opportunities tend to exist when:

What is the name of the process that is the equivalent of brainstorming, but with a focus on writing rather than verbal communication?

How can a business separate its target customers into categories of importance?

According to the chapter, people of Hispanic descent will comprise 25% of the US population by what year?

What is the function of the government in the process of enterprise creation?

Discuss the limitation of first mover advantage in an emerging market where intellectual property protections are not a major factor.

Which of the following most typifies a "cocktail entrepreneur?"

What can an entrepreneur do when there are no business opportunities at all?

The graphical depiction that highlights the diffusion of product acceptance over time is:

An important technique in brainstorming is to say:

What is the only action that the "gather stimuli" stage requires of the entrepreneur?

Which of the following is NOT related to competitive profiling?

Asking leading questions is the best method of discovering the appeal of a potential product or concept.

An entrepreneur should try to broaden his or her customer base definition at the early stages of developing an idea.

In which stage is it important to play devil's advocate?

The Power of Entrepreneurship

The Entrepreneurial Process

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters