Entrepreneurial Behavior Midterm Exam

Description

Entrepreneurial Behavior Midterm Exam
Miles Milla
Quiz by Miles Milla, updated more than 1 year ago
Miles Milla
Created by Miles Milla about 9 years ago
226
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Resource summary

Question 1

Question
Identification of potential new products or services that may lead to promising businesses
Answer
  • Opportunity Recognition
  • Entrepreneurial Alertness

Question 2

Question
Readiness to act on existing, but unnoticed, business opportunities
Answer
  • Entrepreneurial Alertness
  • Opportunity Recognition

Question 3

Question
Good Investment Qualities
Answer
  • 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

Question 4

Question
Involve new ideas, involve new technology, centered around providing customers with a new product.
Answer
  • Type B
  • Type A
  • Type C

Question 5

Question
Are centered around providing customers with an existing product not available in their market.
Answer
  • Type A
  • Type B
  • Type C

Question 6

Question
Are centered around providing customers with an improved product.
Answer
  • Type B
  • Type C

Question 7

Question
Unanticipated events lead to either enterprise success or failure
Answer
  • The unexpected
  • The incongruous
  • Process needs

Question 8

Question
What is expected is out of line with what will work.
Answer
  • Structural change
  • The incongruous
  • Process needs

Question 9

Question
Current technology is insufficient to address an emerging challenge.
Answer
  • Process needs
  • Structural change

Question 10

Question
Changes in technology, markets, etc., alter industry dynamics.
Answer
  • Process needs
  • Structural change

Question 11

Question
Shifts in population size, age structure, ethnicity, and income distribution impact product demand.
Answer
  • Changes in perception
  • Demographics

Question 12

Question
Perceptual variations determine product demand.
Answer
  • Changes in perception
  • New knowledge

Question 13

Question
Learning opens the door to new product opportunities with commercial potential.
Answer
  • Changes in perception
  • New knowledge

Question 14

Question
what are the Industry Factors?
Answer
  • The unexpected The incongruous Process needs Structural change
  • Demographics Changes in perception New knowledge

Question 15

Question
What are the Human and Economic Factors?
Answer
  • Demographics Changes in perception New knowledge
  • The incongruous Structural change Process needs

Question 16

Question
A plan of action that coordinates the resources and commitments of an organization to achieve superior performance.
Answer
  • Strategic Decision
  • Strategy

Question 17

Question
A decision regarding the direction a firm will take in relating to its customers and competitors.
Answer
  • Strategic Decision
  • Strategy

Question 18

Question
A value-creating industry position that is likely to endure over time.
Answer
  • Strategy
  • Sustainable Competitive Advantage
  • Strategic Decision

Question 19

Question
A value-creating industry position that is likely to endure over time.
Answer
  • Sustainable Competitive Advantage
  • Strategic Decision
  • Strategy
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