Quiz

ENT 1 Objective 2.03 Quiz

Chad Collins 4 questions

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Questions in this quiz (4)

1Which a global trend that might encourage an entrepreneur to consider international business opportunities?
1. AHigher allowances
2. BLower tariffs
3. CEnforceable trade agreements
4. DFlexible currency rates
2One factor that an entrepreneur should consider while assessing a venture opportunity is whether it will encounter which situation?
1. ALead to more opportunities
2. BRequire employee loyalty
3. CInvolve complicated paperwork
4. DSatisfy the needs of vendors
3Jessica’s hobby is making jewelry. There is potential to sell her bracelets and earrings on eBay. This is an example of identifying a product opportunity by considering which factors?
1. ADemographic changes
2. BBusiness processes
3. CConsumer attitudes
4. DPersonal experiences
4When determining venture-creation opportunities, entrepreneurs must first perform which action?
1. AObtain financing
2. BConduct research
3. CIdentify staffing needs
4. DSelect a location