Exam 5: The Opportunity: Creating,shaping,recognizing,seizing

What is a critical early step to avoid wasting time chasing venture capitalists,angels,and others when there is not a match between the venture the entrepreneur is pursuing and the interests or capacities?

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

Attractive opportunities are ones that have potential for a moderate-to-strong degree of control over which of the following?

The inability to achieve and sustain a position as a ________ producer shortens the life expectancy of a new venture.

With regard to the capital markets,what is most critical in initial public offerings?

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

Thinking creatively and expansively about how new technology can drive the next new industries is a critical aspect of ________ recognition.

What minimum level of gross margin is characteristic of a superior opportunity?

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

Which of the following is not likely barrier to entry in highly concentrated markets?

In the medical and life sciences,what is the minimum market size in sales opportunity seekers should be looking for?

Analyzing market structure would include all of the following except:

What annual growth rate is indicative of a thriving and expansive industry-one that offers opportunities for new entrants to create niches?

The vast majority of radical innovation occurs in new and smaller firms.

In the 'Circle of Venture Capital Ecstasy',what attracts the "best venture capitalists,board members,and other mentors and advisors" who can add value to the venture?

New ideas are the drivers of entrepreneurial success.

While an intense level of psychological ownership and involvement is certainly a prerequisite for creating a new business,the fatal flaw in attachment to an invention or product is a _________.

Which of the following relates to effective opportunity recognition?

The attractiveness of an opportunity diminishes when the time to breakeven and achieve positive cash flow exceeds ________ years.

Being opportunity-focused means never lose sight of what?