7514081
Description
Quiz by Chad Collins, updated more than 1 year ago
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Created by Chad Collins
about 7 years ago
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Question 1
Question
Which a global trend that might encourage an entrepreneur to consider international business opportunities?
Answer
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Higher allowances
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Lower tariffs
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Enforceable trade agreements
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Flexible currency rates
Question 2
Question
One factor that an entrepreneur should consider while assessing a venture opportunity is whether it will encounter which situation?
Answer
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Lead to more opportunities
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Require employee loyalty
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Involve complicated paperwork
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Satisfy the needs of vendors
Question 3
Question
Jessica’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?
Answer
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Demographic changes
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Business processes
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Consumer attitudes
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Personal experiences
Question 4
Question
When determining venture-creation opportunities, entrepreneurs must first perform which action?
Answer
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Obtain financing
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Conduct research
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Identify staffing needs
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Select a location
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