Miles Milla
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Entrepreneurial Behavior Midterm Exam

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Miles Milla
Created by Miles Milla about 9 years ago
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Entrepreneurial Behavior Midterm Exam

Question 1 of 19

1

Identification of potential new products or services that may lead to promising businesses

Select one of the following:

  • Opportunity Recognition

  • Entrepreneurial Alertness

Explanation

Question 2 of 19

1

Readiness to act on existing, but unnoticed, business opportunities

Select one of the following:

  • Entrepreneurial Alertness

  • Opportunity Recognition

Explanation

Question 3 of 19

1

Good Investment Qualities

Select one of the following:

  • Products that serve clear and important needs

  • Products that customers know about

  • Products that customers can afford

  • A good idea is not the same as a good opportunity.

  • A good ideas is the same as good opportunity

Explanation

Question 4 of 19

1

Involve new ideas, involve new technology, centered around providing customers with a new product.

Select one of the following:

  • Type B

  • Type A

  • Type C

Explanation

Question 5 of 19

1

Are centered around providing customers with an existing product not available in their market.

Select one of the following:

  • Type A

  • Type B

  • Type C

Explanation

Question 6 of 19

1

Are centered around providing customers with an improved product.

Select one of the following:

  • Type B

  • Type C

Explanation

Question 7 of 19

1

Unanticipated events lead to either enterprise success or failure

Select one of the following:

  • The unexpected

  • The incongruous

  • Process needs

Explanation

Question 8 of 19

1

What is expected is out of line with what will work.

Select one of the following:

  • Structural change

  • The incongruous

  • Process needs

Explanation

Question 9 of 19

1

Current technology is insufficient to address an emerging challenge.

Select one of the following:

  • Process needs

  • Structural change

Explanation

Question 10 of 19

1

Changes in technology, markets, etc., alter industry dynamics.

Select one of the following:

  • Process needs

  • Structural change

Explanation

Question 11 of 19

1

Shifts in population size, age structure, ethnicity, and income distribution impact product demand.

Select one of the following:

  • Changes in perception

  • Demographics

Explanation

Question 12 of 19

1

Perceptual variations determine product demand.

Select one of the following:

  • Changes in perception

  • New knowledge

Explanation

Question 13 of 19

1

Learning opens the door to new product opportunities with commercial potential.

Select one of the following:

  • Changes in perception

  • New knowledge

Explanation

Question 14 of 19

1

what are the Industry Factors?

Select one of the following:

  • The unexpected
    The incongruous
    Process needs
    Structural change

  • Demographics
    Changes in perception
    New knowledge

Explanation

Question 15 of 19

1

What are the Human and Economic Factors?

Select one of the following:

  • Demographics
    Changes in perception
    New knowledge

  • The incongruous
    Structural change
    Process needs

Explanation

Question 16 of 19

1

A plan of action that coordinates the resources and commitments of an organization to achieve superior performance.

Select one of the following:

  • Strategic Decision

  • Strategy

Explanation

Question 17 of 19

1

A decision regarding the direction a firm will take in relating to its customers and competitors.

Select one of the following:

  • Strategic Decision

  • Strategy

Explanation

Question 18 of 19

1

A value-creating industry position that is likely to endure over time.

Select one of the following:

  • Strategy

  • Sustainable Competitive Advantage

  • Strategic Decision

Explanation

Question 19 of 19

1

A value-creating industry position that is likely to endure over time.

Select one of the following:

  • Sustainable Competitive Advantage

  • Strategic Decision

  • Strategy

Explanation

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