Question 1

Emerging, growth, differentiation, shakeout, maturity, and decline are all stages of the _____ life cycle.

Accepted Answer

A)  employee 
B)  industry 
C)  job 
D)  profit/loss 
E)  customer 
A)  employee 
B)  industry 
C)  job 
D)  profit/loss 
E)  customer

Question 2

To access the timeliest information, it is extremely important to gather _____ on an industry.

Accepted Answer

A)  secondary sources of information 
B)  primary field data 
C)  solution resources 
D)  competitive intelligence 
E)  demand data 
A)  secondary sources of information 
B)  primary field data 
C)  solution resources 
D)  competitive intelligence 
E)  demand data

Question 3

Google, Wikipedia.com, journals, and trade magazines are examples of

Accepted Answer

A)  industry drives. 
B)  expert portals. 
C)  primary sources. 
D)  secondary sources . 
E)  primary markets. 
A)  industry drives. 
B)  expert portals. 
C)  primary sources. 
D)  secondary sources . 
E)  primary markets.

Question 4

Briefly discuss how an entrepreneur would collect competitor data.

Accepted Answer

An entrepreneur can look into the follow

Question 5

Which of the following is NOT one of the steps in the process for gathering market data?

Accepted Answer

A)  Assess your information needs. 
B)  Research secondary sources first. 
C)  Forecast demand for the product or service. 
D)  Measure the target market with primary research. 
E)  Determine the market's strengths, weaknesses, opportunities, and threats. 
A)  Assess your information needs. 
B)  Research secondary sources first. 
C)  Forecast demand for the product or service. 
D)  Measure the target market with primary research. 
E)  Determine the market's strengths, weaknesses, opportunities, and threats.

Question 6

Which of the following is NOT part of Porter's Five Forces framework?

Accepted Answer

A)  Threat of new entrants 
B)  Buyer bargaining power 
C)  Supplier bargaining power 
D)  Identification of the competition 
E)  Competitive rivalry among existing firms 
A)  Threat of new entrants 
B)  Buyer bargaining power 
C)  Supplier bargaining power 
D)  Identification of the competition 
E)  Competitive rivalry among existing firms

Question 7

The stages of the industry life cycle are identified by the different kinds of activities occurring at each stage.

Accepted Answer

A) True 
 B)False

Question 8

For every industry, the life-cycle stages occur at different times and vary in their duration.

Accepted Answer

A) True 
 B)False

Question 9

In the context of costs involved in producing a product by an industry, _____ means that an industry's costs  to produce have declined relative to the price of its goods and services.

Accepted Answer

A)  t hreat of new entrants 
B)  brand loyalty 
C)  s witching costs 
D)  e conomies of scale 
E)  keystroking 
A)  t hreat of new entrants 
B)  brand loyalty 
C)  s witching costs 
D)  e conomies of scale 
E)  keystroking

Question 10

Understanding how an industry operates is fundamental to shaping effective _____ and growth strategies and to determining the potential for profitability.

Accepted Answer

A)  resource 
B)  entry 
C)  value 
D)  direction 
E)  technology 
A)  resource 
B)  entry 
C)  value 
D)  direction 
E)  technology

Emerging, growth, differentiation, shakeout, maturity, and decline are all stages of the _____ life cycle.

To access the timeliest information, it is extremely important to gather _____ on an industry.

Google, Wikipedia.com, journals, and trade magazines are examples of

Briefly discuss how an entrepreneur would collect competitor data.

Which of the following is NOT one of the steps in the process for gathering market data?

Which of the following is NOT part of Porter's Five Forces framework?

The stages of the industry life cycle are identified by the different kinds of activities occurring at each stage.

For every industry, the life-cycle stages occur at different times and vary in their duration.

In the context of costs involved in producing a product by an industry, _____ means that an industry's costs to produce have declined relative to the price of its goods and services.

Understanding how an industry operates is fundamental to shaping effective _____ and growth strategies and to determining the potential for profitability.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Developing and Testing a Business Model

Prototyping and Validating a Solution

Protecting the Startups Assets

Building the Founding Team

Calculating Startup Capital Requirements

Preparing a Business Plan

Designing an Entrepreneurial Organization

Planning Startup Operations

Choosing the Legal Form of Organization

Developing a Startup Marketing Plan

Incorporating Ethics and Social Responsibility Into the Business

Funding Startup and Growth

Planning for Growth and Change

Filters

Exam 4: Analyzing the Industry and Market

Emerging, growth, differentiation, shakeout, maturity, and decline are all stages of the _____ life cycle.

To access the timeliest information, it is extremely important to gather _____ on an industry.

Google, Wikipedia.com, journals, and trade magazines are examples of

Briefly discuss how an entrepreneur would collect competitor data.

Which of the following is NOT one of the steps in the process for gathering market data?

Which of the following is NOT part of Porter's Five Forces framework?

The stages of the industry life cycle are identified by the different kinds of activities occurring at each stage.

For every industry, the life-cycle stages occur at different times and vary in their duration.

In the context of costs involved in producing a product by an industry, _____ means that an industry's costs to produce have declined relative to the price of its goods and services.

Understanding how an industry operates is fundamental to shaping effective _____ and growth strategies and to determining the potential for profitability.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Developing and Testing a Business Model

Prototyping and Validating a Solution

Protecting the Startups Assets

Building the Founding Team

Calculating Startup Capital Requirements

Preparing a Business Plan

Designing an Entrepreneurial Organization

Planning Startup Operations

Choosing the Legal Form of Organization

Developing a Startup Marketing Plan

Incorporating Ethics and Social Responsibility Into the Business

Funding Startup and Growth

Planning for Growth and Change

Filters