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Duplicate of 2.01 and 2.02 Review Entrepreneurship Flashcards | StudBud

Explore/Duplicate of 2.01 and 2.02 Review Entrepreneurship

The entrepreneurial discovery process requires knowledge and the recognition of a:

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

Duplicate of 2.01 and 2.02 Review Entrepreneurship

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Answers

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