7513873
Description
Quiz by Chad Collins, updated more than 1 year ago
|
Created by Chad Collins
over 7 years ago
|
|
Question 1
Question
The entrepreneurial discovery process requires knowledge and the recognition of which situation?
Answer
-
Economic crisis
-
Preventable accident
-
Market need
-
Creative observation
Question 2
Question
Entrepreneurial discovery is an important process in a free-enterprise economic system because an entrepreneur or small-business owner will most likely accomplish which goal?
Answer
-
Satisfy an unmet demand
-
Form a technological monopoly
-
Improve economic sanctions
-
Change legal requirements
Question 3
Question
After a Korean auto manufacturer built a plant in Ames, Iowa, Kwan noticed a substantial growth of Korean residents in the area, many of whom were relocated to Ames to work for the plant. Kwan decided to import Korean goods and sell them in a small Korean specialty store near town. This is an example of a product opportunity resulting from which situation?
Answer
-
Advancements in technology
-
Changes in travel habits
-
Differences in priority
-
Shifts in popularity ethnicity
Question 4
Question
Which statement is true about entrepreneurial discovery?
Answer
-
It ensures that start-up businesses have continuous funding.
-
It is an ongoing process that facilitates the success rate of a business.
-
It provides entrepreneurs with professional development training.
-
It is a way to determine the long-term profit that a start-up company can generate.
Question 5
Question
For a prospective entrepreneur, what is necessary to determine the existence of goods and services?
Answer
-
Demographic changes
-
Product standards
-
Entrepreneurial discovery
-
Raw materials
Question 6
Question
Identifying new product opportunities usually requires a person to possess which characteristic?
Answer
-
Decisiveness
-
Emotional
-
Awareness
-
Indifference
Question 7
Question
Which is an example of a demographic trend that has encouraged entrepreneurial discovery?
Answer
-
Interest rate fluctuations
-
Increased cultural diversity
-
Industry deregulation
-
Technological advancements
Want to create your own Quizzes for free with GoConqr? Learn more.