Exam 3: Positioning Yourself As an Entrepreneur

According to the textbook, a business reflects the values and personality of the people that own and operate it.

According to Michael Porter, having a narrow social expectation should be part of your competitive strategy.

Identify the seven steps of the opportunity selection process.

According to Statistics Canada's Survey of Electronic Commerce and Technology, what approximate percentage of private sector firms had a website in 2007?

An analysis of internal strengths and weaknesses and external threats and opportunities is usually referred to using the acronym ________________.

Identifying your business goals is the final step in the opportunity selection process.

In some cases, the guiding principles of the company or owner are embedded in the mission statement.

Your mission statement should be specific and measurable.

In the opportunity selection process, what is the relationship between identifying promising industry segments and profiling target consumers?

A broad program for achieving an organization's objectives and implementing its vision is a business _______________.

According to David Chilton, author and Dragons' Den TV celebrity, which of the following was a major reason for the success of Crazy Plates?

Important steps in the opportunity selection process are to identify promising industry segments and identifying problems that need ________________.

According to the textbook, if you, the business owner, lack experience, this would be classified as an external threat to your business in your SWOT analysis.

According to the textbook, brainstorming is a key step in the opportunity selection process.

New distribution channels, changing tastes, and technological improvements are examples of which of the following?

How many steps are in the opportunity selection process?

Which of the following is a defining characteristic to identifying the secret to focusing on market gaps?

According to savvy business professionals, your best business opportunity will be where your personal vision and values meet your business mission.

The things in life that are important to you are your ______________.

Work ethic, personal beliefs, and faith are examples of which of the following?