Exam 6: Assessment of Entrepreneurial Opportunities

The growth pattern of sales is critical for an entrepreneur to make correct forecasts.

With a nonroutine venture, the initial innovation will maintain the company's competitive advantage without new technology.

Lack of finished product availability can affect

General sources for a market feasibility analysis include

Many entrepreneurs do not understand the marketing life cycle of a new product.

In design-centered entrepreneurship, the entrepreneur applies design methods in six action stages of developing an opportunity.

The Lean Start-Up methodology is hypothesis-driven.

Investors are willing to invest even if they do not immediately see the potential for growth and profit.

A new venture goes through five specific phases.

Most entrepreneurs hire lawyers to brief them on the legal issues surrounding a new venture.

Market feasibility analysis relies on

In a lifestyle venture, independence, autonomy, and control are the primary driving forces.

A new venture should be

When premature entry into the marketplace causes the failure of a new venture, it can be termed

Three specific phases that a new venture goes through are

An entrepreneur's decision to ignore the market is safe if he or she is sure that the idea will be a success.

An approach developed as a criteria selection list from which entrepreneurs can gain insights into the viability of their venture is the _____ approach.

There are three types of design-centered entrepreneurship.

What five specific feasibility phases will a new venture go through?

One of the external problems new ventures face is