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Entrepreneurship Review - Ch. 5-6 Flashcards | StudBud
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Entrepreneurship Review - Ch. 5-6
Entrepreneurship Review - Ch. 5-6
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A review of inventions, innovations, ideas and opportunities
Flashcards
33 cards
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Practice quiz
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Questions
33
Answers
1
A good trademark is...
distinctive
difficult to identify
similar to its competitors
2
The formula to make Coca Cola is confidential and is known as a....
trademark
copyright
trade secret
3
What order do the 3 stages of problem solving go in?
solution finding-idea finding-problem finding
idea finding-problem finding-solution finding
problem finding-idea finding-solution finding
4
Which of De Bono's hats represents critical thinking?
white
yellow
green
black
5
An innovation can be:
a new creation
developed by accident
change to something that exists
6
Only enterprising people and entrepreneurs act on ideas.
true
false
7
Which of the following is a trend?
mobile phones
Blundstones
fidget spinners
8
What question must be asked before starting an invention/innovation?
What if?
Who cares?
Why not?
How?
9
Industrial Design Act protects...
music
furniture
electronics
logos
10
What is included in a brand image?
company name
logo
slogan
11
This symbol is known as a:
patent
copyright
trademark
12
What criteria must be met for patentability?
creative
utility
novelty
inventiveness
13
A venture can succeed only when an idea and an opportunity come together.
false
true
14
Which of the following is true?
patents can be used with permission from the inventor
patents in Canada also apply in the USA
15
Patents ............ progress
stifle
protect
fuel
16
A forecast is a prediction and a good way of guaranteeing future trends.
false
true
17
Identifying a problem and coming up with an idea is what type of entrepreneurship?
market-pulled
product-driven
service-driven
18
What are the characteristics of a fad?
can develop into trends
develops over a long period of time
good for developing a business idea
19
A preliminary model of something is a
prototype
patent
trademark
20
Coming up with an idea and marketing it to the consumer is known as......entrepreneurship.
market-pulled
product driven
service driven
21
To generate ideas you need to:
become aware of ideas around you
talk to experienced businesss people
22
Original ideas and concepts that can be protected by law are known as:
patents
copyright
intellectual property
trademarks
23
Which of the following can be a patent?
chemical composition
machine
product
a process
24
What was Michelle Romanow's first business?
e-commerce
tea room
caviar
pizza shop
25
Good ideas have this in common:
they satisfy a need
they are innovative
26
Patents are good for up to .... years
10
20
15
5
27
Which of De Bono's hats represents optimism?
green
blue
yellow
red
28
An inventor always makes a good entrepreneur.
False
True
29
What type of trend is one based on age?
economic
social
demographic
30
How do inventions happen?
by improving an existing idea
through experimentation
31
Which of De Bono's hats represents creativity?
white
green
blue
red
32
A time-series trend....
helps to project info about the future
makes comparisons with other trends
plots data from past and present
33
Identifying how inventions change the way we do things is what type of trend?
global economic
social
technological
