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2.01, 2.02, and 2.03 Review Entrepreneurship Flashcards | StudBud

Explore/2.01, 2.02, and 2.03 Review Entrepreneurship

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

Which of the following is an example of a demographic trend?

2.01, 2.02, and 2.03 Review Entrepreneurship

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Answers

1
Which of the following is an example of a demographic trend?
Aging of the population
shifting political climates
concern for fitness and health
rising interest rates
2
Which is an example of a demographic trend that has encouraged entrepreneurial discovery:
interest rate fluctuations
technological advancements
industry deregulation
increased cultural diversity
3
The entrepreneurial discovery process requires knowledge and the recognition of a:
preventable accident
economic crisis
market need
creative observation
4
For a prospective entrepreneur, whats necessary to determine the existence of goods/services?
Entrepreneurial discovery
Product standards
Raw materials
Demographic changes
5
The definition of demographics is which of the following?
physical and social characteristics of the population
Unmet needs or problems of consumers
Activities related to production and distribution of goods
The governing body of a nation
6
A small business selling specialty items will likely face _____________from a large retailer.
incidental competition
indirect competition
unfocused competition
demographic competition
7
Which of the following statements is true about entrepreneurial discovery?
Ensures start up businesses have continuous funding
Provides entrepreneurs professional development training
Way to determine long-term profit a company can generate
Ongoing process that facilitates a business's success rate
8
Identifying new product opportunities usually requires a person to be:
indifferent
decisive
aware
emotional