Exam 2: Recognizing Opportunities and Generating Ideas

The aging of the U.S. population has resulted in several new firms that have been founded to help older Americans stay in their homes longer, as an alternative to assisted living or moving into nursing homes. The aging of the U.S. population is an important ________ that is creating opportunities in many areas for entrepreneurial firms.

(Multiple Choice)

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Question 41

An opportunity has four essential qualities: it is (1) rare, (2) attractive, (3) timely, and (4) resilient.

(True/False)

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Question 42

Creativity and innovation are almost identical concepts.

(True/False)

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Question 43

GasBuddy and GasPriceWatch.com are companies started to help consumers save money on gas. Which environmental trend is most likely to have provided the impetus for the creation of these companies?

(Multiple Choice)

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Question 44

A(n) is a thought, impression, or notion. A(n) is a favorable set of circumstances that creates the need for a new product, service, or business.

(Multiple Choice)

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Question 45

The three ways to identify an opportunity include observing trends, solving a problem, and finding gaps in the marketplace.

(True/False)

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Question 46

Describe how library and Internet research can be used to generate new business ideas.

(Essay)

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Question 47

GreatCall is a company that was started to produce cell phones for older people. Many cell phones are too complicated and the buttons are too small for older people to effectively use. Which of the following approaches to identifying an opportunity was most likely the impetus for GreatCall?

(Multiple Choice)

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Question 48

A(n) ________ is a favorable set of circumstances that creates a need for a new product, service, or business.

(Multiple Choice)

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Question 49

Which of the following is an example of how to encourage creativity at the organizational level?

(Multiple Choice)

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Question 50

The three ways to identify an opportunity include:

(Multiple Choice)

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Question 51

________ is (are) used to generate a number of ideas quickly.

(Multiple Choice)

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Question 52

Economic forces impact the opportunities available to entrepreneurs. Which of the following alternatives reflects a set of economic forces that would be of interest to entrepreneurs?

(Multiple Choice)

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Question 53

Most of Karen's ideas come from interacting with coworkers, friends, her spouse, her parents, and other people that share the same beliefs that she does. Karen is getting most of her ideas through ________ relationships.

(Multiple Choice)

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Question 54

Which of the following selections is an example of how to discourage creativity at the individual level?

(Multiple Choice)

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Question 55

According to the textbook, in a survey of 65 start-ups, ________ of the founders reported that they got their business ideas through social contacts.

(Multiple Choice)

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Question 56

Many specialty shops and boutiques exist because an entrepreneur recognized a gap in the marketplace and started a firm to fill the gap.

(True/False)

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Question 57

The term "window of opportunity," as discussed in Chapter 2, describes the time period in which a firm can:

(Multiple Choice)

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Question 58

Brainstorming sessions are designed to move slowly, so ideas can be presented and evaluated.

(True/False)

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Question 59

Which of the following statements is incorrect in regard to entrepreneurial alertness?

(Multiple Choice)

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Question 60

Showing 41 - 60 of 75

An opportunity has four essential qualities: it is (1) rare, (2) attractive, (3) timely, and (4) resilient.

Creativity and innovation are almost identical concepts.

GasBuddy and GasPriceWatch.com are companies started to help consumers save money on gas. Which environmental trend is most likely to have provided the impetus for the creation of these companies?

A(n) is a thought, impression, or notion. A(n) is a favorable set of circumstances that creates the need for a new product, service, or business.

The three ways to identify an opportunity include observing trends, solving a problem, and finding gaps in the marketplace.

Describe how library and Internet research can be used to generate new business ideas.

GreatCall is a company that was started to produce cell phones for older people. Many cell phones are too complicated and the buttons are too small for older people to effectively use. Which of the following approaches to identifying an opportunity was most likely the impetus for GreatCall?

A(n) ________ is a favorable set of circumstances that creates a need for a new product, service, or business.

Which of the following is an example of how to encourage creativity at the organizational level?

The three ways to identify an opportunity include:

________ is (are) used to generate a number of ideas quickly.

Economic forces impact the opportunities available to entrepreneurs. Which of the following alternatives reflects a set of economic forces that would be of interest to entrepreneurs?

Most of Karen's ideas come from interacting with coworkers, friends, her spouse, her parents, and other people that share the same beliefs that she does. Karen is getting most of her ideas through ________ relationships.

Which of the following selections is an example of how to discourage creativity at the individual level?

According to the textbook, in a survey of 65 start-ups, ________ of the founders reported that they got their business ideas through social contacts.

Many specialty shops and boutiques exist because an entrepreneur recognized a gap in the marketplace and started a firm to fill the gap.

The term "window of opportunity," as discussed in Chapter 2, describes the time period in which a firm can:

Brainstorming sessions are designed to move slowly, so ideas can be presented and evaluated.

Which of the following statements is incorrect in regard to entrepreneurial alertness?

Introduction to Entrepreneurship

Feasibility Analysis

Writing a Business Plan

Industry and Competitor Analysis

Developing an Effective Business Model

Preparing the Proper Ethical and Legal Foundation

Assessing a New Venture's Financial Strength and Viability

Building a New Venture Team

Getting Financing or Funding

Unique Marketing Issues

The Importance of Intellectual Property

Preparing for and Evaluating the Challenges of Growth

Strategies for Firm Growth

Franchising

Filters

Exam 2: Recognizing Opportunities and Generating Ideas

An opportunity has four essential qualities: it is (1) rare, (2) attractive, (3) timely, and (4) resilient.

Creativity and innovation are almost identical concepts.

GasBuddy and GasPriceWatch.com are companies started to help consumers save money on gas. Which environmental trend is most likely to have provided the impetus for the creation of these companies?

A(n) ________ is a thought, impression, or notion. A(n) ________ is a favorable set of circumstances that creates the need for a new product, service, or business.

The three ways to identify an opportunity include observing trends, solving a problem, and finding gaps in the marketplace.

Describe how library and Internet research can be used to generate new business ideas.

GreatCall is a company that was started to produce cell phones for older people. Many cell phones are too complicated and the buttons are too small for older people to effectively use. Which of the following approaches to identifying an opportunity was most likely the impetus for GreatCall?

A(n) ________ is a favorable set of circumstances that creates a need for a new product, service, or business.

Which of the following is an example of how to encourage creativity at the organizational level?

The three ways to identify an opportunity include:

________ is (are) used to generate a number of ideas quickly.

Economic forces impact the opportunities available to entrepreneurs. Which of the following alternatives reflects a set of economic forces that would be of interest to entrepreneurs?

Most of Karen's ideas come from interacting with coworkers, friends, her spouse, her parents, and other people that share the same beliefs that she does. Karen is getting most of her ideas through ________ relationships.

Which of the following selections is an example of how to discourage creativity at the individual level?

According to the textbook, in a survey of 65 start-ups, ________ of the founders reported that they got their business ideas through social contacts.

Many specialty shops and boutiques exist because an entrepreneur recognized a gap in the marketplace and started a firm to fill the gap.

The term "window of opportunity," as discussed in Chapter 2, describes the time period in which a firm can:

Brainstorming sessions are designed to move slowly, so ideas can be presented and evaluated.

Which of the following statements is incorrect in regard to entrepreneurial alertness?

Introduction to Entrepreneurship

Feasibility Analysis

Writing a Business Plan

Industry and Competitor Analysis

Developing an Effective Business Model

Preparing the Proper Ethical and Legal Foundation

Assessing a New Venture's Financial Strength and Viability

Building a New Venture Team

Getting Financing or Funding

Unique Marketing Issues

The Importance of Intellectual Property

Preparing for and Evaluating the Challenges of Growth

Strategies for Firm Growth

Franchising

Filters

A(n) is a thought, impression, or notion. A(n) is a favorable set of circumstances that creates the need for a new product, service, or business.