Entrepreneurship I Unit 2 Test Review

Which process assist aspiring entrepreneurs to generate venture ideas?

Which is a way a business can determine if a product will fullfill the target marekt needs

A business that identifies products to sell that fill needs is making which decisions?

Which is often a positive result of accepting responsibility for poor decision?

When conducting a feasibility study, which question is needed about financial considerations?

Which actions does entrepreneurs look to perform when generating new ideas for new businesses?

Which example illustrate how environmental factors are interrelated?

Which personality trait is associated with creative people>?

In order to generate profits, operating costs must identify as which status to gross margin

Which statement is true about entrepreneurial discovery?

Many entrepreneurs encounter which situations of emotional risks?

Which is an example of a demographic trend that has encouraged entrepreneurial discovery?

Identifying new product opportunities usually require a person to possess which characteristic?

Primary responsibility of the facilitator of a product idea brainstorming session are to:

Which is an operational issue that entrepreneurs must consider when planning their business?

What other component other than writing down the main problem is used in mind mapping?

Entrepreneurial discovery is important in free enterprise b/c entrepreneur will most likely

Cost of sales for new manufacturing venture typically include:

Which is the first factor that a business should consider when deciding to sell a product?

Which is a tool that an entrepreneur develops to project sales for a new venture?

Conducting an environmental scan, the economic factor that should be considered is:

When someone is unsure of the outcome ; they perform which action?

A prospective entrepreneur, what is necessary to determine the existence of goods and services?

Which process does an entrepreneur choose location and financial needs of business venture?

What primary goal is the brainstorming process used to accomplish?

Jenn allocates 2% of the estimated annual sales to advertising; she is developing what document

Deciding to give up a secure position in a company to start a home business is what risk?