Question 1

At each stage of the product planning and development process, criteria for evaluation need to be established.

Accepted Answer

A) True 
 B)False

Question 2

The first stage in determining retail market share is to estimate as accurately as possible the size of your competitor's store,

Accepted Answer

A) True 
 B)False

Question 3

The Opening Profile to Chapter 3 of Chris Griffiths and Garrison Guitars is a story of not just innovation, but of perseverance and intrapreneurship.

Accepted Answer

A) True 
 B)False

Question 4

Describe the measures that might be used in a qualitative opportunity assessment method?

Accepted Answer

The measures that might be used in a qua

Question 5

When evaluating an opportunity, the risks involved are based on which of the following?

Accepted Answer

A)  the market 
B)  competition 
C)  technology 
D)  amount of capital needed 
E)  All of the answers are correct. 
A)  the market 
B)  competition 
C)  technology 
D)  amount of capital needed 
E)  All of the answers are correct.

Question 6

The product planning and development process: The Second stage in product development Process is the idea stage.

Accepted Answer

A) True 
 B)False

Question 7

The first step in the income statement approach to opportunity assessment is to __________.

Accepted Answer

A)  determining market potential 
B)  determining retail market share 
C)  determining income and expenses 
D)  determining start-up costs and return on investment 
E)  None of the answers apply. 
A)  determining market potential 
B)  determining retail market share 
C)  determining income and expenses 
D)  determining start-up costs and return on investment 
E)  None of the answers apply.

Question 8

The assessment of an opportunity should involve answering which of the following question(s)?

Accepted Answer

A)  What market need does it fill? 
B)  What competition exists in this market? 
C)  Where is the money to be made in this activity? 
D)  What market research data can be obtained to describe this market need? 
E)  All of the answers are correct. 
A)  What market need does it fill? 
B)  What competition exists in this market? 
C)  Where is the money to be made in this activity? 
D)  What market research data can be obtained to describe this market need? 
E)  All of the answers are correct.

Question 9

In the determination of the resources required phase of the entrepreneurial process, an entrepreneur should consider __________.

Accepted Answer

A)  how much and what type of resources will be needed 
B)  the downside risks associated with insufficient or inappropriate resources 
C)  the amount of control that must be given up in order to acquire the resources needed for the enterprise 
D)  All of the answers are correct. 
E)  None of the answers apply. 
A)  how much and what type of resources will be needed 
B)  the downside risks associated with insufficient or inappropriate resources 
C)  the amount of control that must be given up in order to acquire the resources needed for the enterprise 
D)  All of the answers are correct. 
E)  None of the answers apply.

Question 10

Consumers are often the best source of new venture ideas for entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following could be a good source for identifying business opportunities?

Accepted Answer

A)  consumers 
B)  friends and business associates 
C)  channel of distribution members 
D)  technically-oriented individuals 
E)  All of the answers are correct. 
A)  consumers 
B)  friends and business associates 
C)  channel of distribution members 
D)  technically-oriented individuals 
E)  All of the answers are correct.

Question 12

Quantitative opportunity assessment methods include the income statement approach and the market analysis approach.

Accepted Answer

A) True 
 B)False

Question 13

When using the income statement approach to opportunity assessment, the basis for estimating retail market share is __________ plus or minus adjustments for other qualitative factors.

Accepted Answer

A)  comparative store size 
B)  standard inventory turns for your industry 
C)  comparative spending on advertising 
D)  location 
E)  None of the answers apply. 
A)  comparative store size 
B)  standard inventory turns for your industry 
C)  comparative spending on advertising 
D)  location 
E)  None of the answers apply.

Question 14

A quantitative opportunity assessment would include which of the following measures?

Accepted Answer

A)  market share attainable 
B)  work schedule desired 
C)  past experience 
D)  personal goals 
E)  All of the answers are correct. 
A)  market share attainable 
B)  work schedule desired 
C)  past experience 
D)  personal goals 
E)  All of the answers are correct.

At each stage of the product planning and development process, criteria for evaluation need to be established.

The first stage in determining retail market share is to estimate as accurately as possible the size of your competitor's store,

The Opening Profile to Chapter 3 of Chris Griffiths and Garrison Guitars is a story of not just innovation, but of perseverance and intrapreneurship.

Describe the measures that might be used in a qualitative opportunity assessment method?

When evaluating an opportunity, the risks involved are based on which of the following?

The product planning and development process: The Second stage in product development Process is the idea stage.

The first step in the income statement approach to opportunity assessment is to __________.

The assessment of an opportunity should involve answering which of the following question(s)?

In the determination of the resources required phase of the entrepreneurial process, an entrepreneur should consider __________.

Consumers are often the best source of new venture ideas for entrepreneurs.

Which of the following could be a good source for identifying business opportunities?

Quantitative opportunity assessment methods include the income statement approach and the market analysis approach.

When using the income statement approach to opportunity assessment, the basis for estimating retail market share is __________ plus or minus adjustments for other qualitative factors.

A quantitative opportunity assessment would include which of the following measures?

The Entrepreneurial Mind-Set

Corporate Entrepreneurship

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Filters

Exam 3: Generating and Exploring New Entries

At each stage of the product planning and development process, criteria for evaluation need to be established.

The first stage in determining retail market share is to estimate as accurately as possible the size of your competitor's store,

The Opening Profile to Chapter 3 of Chris Griffiths and Garrison Guitars is a story of not just innovation, but of perseverance and intrapreneurship.

Describe the measures that might be used in a qualitative opportunity assessment method?

When evaluating an opportunity, the risks involved are based on which of the following?

The product planning and development process: The Second stage in product development Process is the idea stage.

The first step in the income statement approach to opportunity assessment is to __________.

The assessment of an opportunity should involve answering which of the following question(s)?

In the determination of the resources required phase of the entrepreneurial process, an entrepreneur should consider __________.

Consumers are often the best source of new venture ideas for entrepreneurs.

Which of the following could be a good source for identifying business opportunities?

Quantitative opportunity assessment methods include the income statement approach and the market analysis approach.

When using the income statement approach to opportunity assessment, the basis for estimating retail market share is __________ plus or minus adjustments for other qualitative factors.

A quantitative opportunity assessment would include which of the following measures?

The Entrepreneurial Mind-Set

Corporate Entrepreneurship

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Filters