1996206
Description
Quiz by Miles Milla, updated more than 1 year ago
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Created by Miles Milla
about 10 years ago
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Question 1
Question
Identification of potential new products or services that may lead to promising businesses
Answer
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Opportunity Recognition
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Entrepreneurial Alertness
Question 2
Question
Readiness to act on existing, but unnoticed, business opportunities
Answer
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Entrepreneurial Alertness
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Opportunity Recognition
Question 3
Question
Good Investment Qualities
Answer
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Products that serve clear and important needs
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Products that customers know about
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Products that customers can afford
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A good idea is not the same as a good opportunity.
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A good ideas is the same as good opportunity
Question 4
Question
Involve new ideas, involve new technology, centered around providing customers with a new product.
Answer
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Type B
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Type A
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Type C
Question 5
Question
Are centered around providing customers with an existing product not available in their market.
Answer
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Type A
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Type B
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Type C
Question 6
Question
Are centered around providing customers with an improved product.
Answer
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Type B
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Type C
Question 7
Question
Unanticipated events lead to either enterprise success or failure
Answer
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The unexpected
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The incongruous
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Process needs
Question 8
Question
What is expected is out of line with what will work.
Answer
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Structural change
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The incongruous
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Process needs
Question 9
Question
Current technology is insufficient to address an emerging challenge.
Answer
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Process needs
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Structural change
Question 10
Question
Changes in technology, markets, etc., alter industry dynamics.
Answer
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Process needs
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Structural change
Question 11
Question
Shifts in population size, age structure, ethnicity, and income distribution impact product demand.
Answer
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Changes in perception
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Demographics
Question 12
Question
Perceptual variations determine product demand.
Answer
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Changes in perception
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New knowledge
Question 13
Question
Learning opens the door to new product opportunities with commercial potential.
Answer
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Changes in perception
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New knowledge
Question 14
Question
what are the Industry Factors?
Answer
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The unexpected The incongruous Process needs Structural change
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Demographics Changes in perception New knowledge
Question 15
Question
What are the Human and Economic Factors?
Answer
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Demographics Changes in perception New knowledge
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The incongruous Structural change Process needs
Question 16
Question
A plan of action that coordinates the resources and commitments of an organization to achieve superior performance.
Answer
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Strategic Decision
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Strategy
Question 17
Question
A decision regarding the direction a firm will take in relating to its customers and competitors.
Answer
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Strategic Decision
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Strategy
Question 18
Question
A value-creating industry position that is likely to endure over time.
Answer
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Strategy
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Sustainable Competitive Advantage
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Strategic Decision
Question 19
Question
A value-creating industry position that is likely to endure over time.
Answer
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Sustainable Competitive Advantage
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Strategic Decision
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Strategy
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