The entrepreneurial discovery process requires knowledge and the recognition of which situation?
Responda
Economic crisis
Preventable accident
Market need
Creative observation
Questão 2
Questão
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?
Responda
Satisfy an unmet demand
Form a technological monopoly
Improve economic sanctions
Change legal requirements
Questão 3
Questão
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?
Responda
Advancements in technology
Changes in travel habits
Differences in priority
Shifts in popularity ethnicity
Questão 4
Questão
Which statement is true about entrepreneurial discovery?
Responda
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.
Questão 5
Questão
For a prospective entrepreneur, what is necessary to determine the existence of goods and services?
Responda
Demographic changes
Product standards
Entrepreneurial discovery
Raw materials
Questão 6
Questão
Identifying new product opportunities usually requires a person to possess which characteristic?
Responda
Decisiveness
Emotional
Awareness
Indifference
Questão 7
Questão
Which is an example of a demographic trend that has encouraged entrepreneurial discovery?
Responda
Interest rate fluctuations
Increased cultural diversity
Industry deregulation
Technological advancements
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