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2.01 2.02 Entrepreneurship Review Flashcards | StudBud
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2.01 2.02 Entrepreneurship Review
2.01 2.02 Entrepreneurship Review
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1
For a prospective entrepreneur,what is necessary 2 determine the existence of goods & services?
Entrepreneurial discovery
raw materials
Demographic changes
product standards
2
Which of follow is an ex of a demographic trend that has encouraged entrepreneurial discovery:
Technological advancements
increased cultural diversity
interest rate fluctuations
Industry deregulation
3
Identifying new product opportunities usually requires a person to be
decisive
emotional
indifferent
aware
4
What is a trend that affects the growth of entrepreneurial ventures?
rise in consumers desire for slow response times
higher demand for more convenience products
the reduced ed for health care and related services
shift to an agricultural based societ
5
When determining venture creation opportunities entrepreneurs must first
select a location
obtain financing
identify staffing needs
conduct research
6
When conducting environmental scan,which of follow is economic factor that businesses consider
local demographics
consumer spending habits
global trade regulations
restricted sales territories
7
Which of the following is an example of a demographic trend
concern for fitness and health
shifting political climates
rising interest rates
aging of the population
8
The entrepreneurial discovery process requires knowledge and the recognition of a(n)
preventable accident
economic crisis
market need
creative observation
