What is an Entrepreneur?

A person who organizes and operates a business.

What are two primary audiences for a firm’s business plan?

Firm’s Employees + Investors and other external stakeholders.

What are the 4 characteristics that tend to make some people better at recognizing opportunities than others ?

Prior industry experience,Cognitive factors,Creativity, Social networks

What are the most important trends to observe when you want to identify an opportunity ? select from these proposals :

Economic, social, technological, political and regulatory

Which one is NOT the three primary reasons that people become entrepreneurs and start their own firms?

Creativity fits the corporate environment.

What is the purpose of Target Market Feasibility?

Assessment of the overall appeal of the industry and target for a business

What is social entrepreneurship?

The pursuit of social goals while creating profitable business.

What are the primary elements of core strategy?

Business Mission,Basis of Differentiation,Target Market,ProductMarket Scope

What is happening in Shakeout stage in this figure ?

Still continuing to grow but beginning to decline. Competitions are high

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Entrepreneur

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Questions 12

Answers

1
What is an Entrepreneur?
Someone who is an employee
A person who organizes and operates a business.
A person who owns stock in a business
Someone who purchases a product from a business
2
Which one is NOT three most important creative Sources of Financing or Funding?
Crowdfunding
Strategic Partners
Personal Funding
Leasing
3
Which one is NOT three sources of financing available to entrepreneurs?
Friends and Family
Debt Financing
Bootstrapping
Personal Funds
4
What are two primary audiences for a firm’s business plan?
Firm’s present employees + new employees
The bank + Investors and other external stakeholders.
Investors + managers
Firm’s Employees + Investors and other external stakeholders.
5
What are the 4 characteristics that tend to make some people better at recognizing opportunities than others ?
The desire to think bigger, The rigor, Training, Empathy
Getting results, sense of opportunity, Discipline, Know how to sell
Integrity, Optimism, Intelligence, Planning
Prior industry experience,Cognitive factors,Creativity, Social networks
6
What are the most important trends to observe when you want to identify an opportunity ? select from these proposals :
Economic, social, technological, market, political and regulatory
Economic, social, ecological, technological
Economic, technological,market trend,political and regulatory
Economic, social, technological, political and regulatory
7
Which one is NOT the forms of feasibility analysis?
Marketing Feasibility
Organizational Feasibility
Product/Service Feasibility
Financial Feasibility
8
Which one is NOT the three primary reasons that people become entrepreneurs and start their own firms?
Financial rewards
Desire to be their own boss
Desire to pursue their own ideas
Creativity fits the corporate environment.
9
What is the purpose of Target Market Feasibility?
Assessment of the overall appeal of the product or service being proposed
Assessment of the overall appeal of the industry and target for a business
To determine a business has sufficient management expertise, resources etc.
The final component of a comprehensive feasibility analysis
10
What is social entrepreneurship?
The pursuit of social goals while creating profitable business.
Pursuit of innovation using strategic tools and concepts.
Combining entrepreneurial actions.
Creating a new opportunities.
11
What are the primary elements of core strategy?
Key partners, Channels, Target Market, Market Scope
Basis of Differentiation, Marketing plan, Product, Market Scope
Business Mission,Basis of Differentiation,Target Market,ProductMarket Scope
Business Mission, Core competency, Cost structure, Product/Market Scope
12
What is happening in Shakeout stage in this figure ?
There is not much growth because it is starting to decline.
Process of manufacturing a product can be delayed by making improvements.
Still continuing to grow but beginning to decline. Competitions are high
Demand is increasing because there are new products.

Entrepreneur Flashcards | StudBud