Exam 5: Opportunity Recognition

Successful entrepreneurs realize that knowing what to do is more important than knowing what not to do.

The positive attributes of an opportunity diminish when the time to breakeven and achieve positive cash flow exceeds _____ years.

Which of the following functions is performed by the right brain?

For an entrepreneur to estimate and communicate sustainable value to potential stakeholders,an opportunity should have a minimum market size of _______.

At a 20 percent gross margin,for every $1 increase in fixed costs (e.g. ,insurance,salaries,rent,and utilities),by how many dollars do sales need to increase just to stay even?

Attractive opportunities have the potential to yield a return on investment of _____ percent or more per year.

Ventures that generate after-tax profits of less than ________ percent are quite fragile.

_____ is defined as the period of revenue growth in the life cycle of target industry when the slope of the revenue growth is increasing.

Which of the following has research shown to be the most important determinant of competitive success?

When evaluating venture opportunities,which industry has the highest potential?

The development of the value chain and channels of distribution has led to the opportunity creation in ____.

Attractive opportunities are ones that have potential for a moderate-to-strong degree of control over ____.

To gain market entry with high value-added products or services in a growing market,it is best to underprice.

Venture opportunities that frequently target expensive-to-reach customers have _____ potential.

The context in which the sale or acquisition of a company occurs is largely driven by the _____ at that particular time.

According to studies,the _____ side of the brain performs rational,logical functions.

Of utmost importance with new venture creation is the fit of the _____ and the management team with the opportunity.

Data available about market characteristics,competitors,and the like are frequently inversely related to the real potential of an opportunity.

Price-cutting and other competitive strategies in highly concentrated markets can present a significant ________ for new entrants.

Moore's Law and Metcalf's Law are most closely associated with: