Question 1

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?

Accepted Answer

The answer of What is a critical early step to...

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A)  Barriers to entry 
B)  Exit mechanism 
C)  Channels of distribution 
D)  Strategic differentiation

Question 4

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

Accepted Answer

The answer of The inability to achieve and sustain a...

Question 5

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

Accepted Answer

A)  Audited documentation 
B)  Timing 
C)  Market adoption 
D)  The underwriter(s)

Question 6

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

Accepted Answer

The answer of Ventures that generate after-tax profits of less...

Question 7

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

Accepted Answer

The answer of Thinking creatively and expansively about how new...

Question 8

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

Accepted Answer

The answer of What minimum level of gross margin is...

Question 9

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?

Accepted Answer

The answer of At a 20 percent gross margin,for every...

Question 10

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

Accepted Answer

A)  Distribution 
B)  Legal 
C)  Regulations 
D)  Pricing

Question 11

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

Accepted Answer

The answer of In the medical and life sciences,what is...

Question 12

Analyzing market structure would include all of the following except:

Accepted Answer

A)  Product differentiation 
B)  Demand sensitivity 
C)  Number of sellers 
D)  Payback to the customer

Question 13

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

Accepted Answer

A)  5 to 10 percent 
B)  10 to 20 percent 
C)  30 to 50 percent 
D)  Depends on the industry

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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?

Accepted Answer

The answer of In the 'Circle of Venture Capital Ecstasy',what...

Question 16

New ideas are the drivers of entrepreneurial success.

Accepted Answer

A) True 
 B)False

Question 17

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 _________.

Accepted Answer

The answer of While an intense level of psychological ownership...

Question 18

Which of the following relates to effective opportunity recognition?

Accepted Answer

A)  Doing it first 
B)  Doing it better 
C)  Cross-association 
D)  All of the above

Question 19

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

Accepted Answer

The answer of The attractiveness of an opportunity diminishes when...

Question 20

Being opportunity-focused means never lose sight of what?

Accepted Answer

A)  Competitive advantages 
B)  The customer and the marketplace 
C)  The economic and funding metrics of the venture 
D)  Distinctive competencies

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?