ENT 1 Objective 2.01 Quiz

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ENT 1 Objective 2.01 Quiz
Chad Collins
Quiz por Chad Collins, atualizado more than 1 year ago
Chad Collins
Criado por Chad Collins mais de 7 anos atrás
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Resumo de Recurso

Questão 1

Questão
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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