TECHNOPRENEURSHIP MIDTERM
QUIZ1
Quality _____ products are not readily available and the prices of which are not lower.
-substitute
Existing or anticipated profitability of the industry.
-Business and Industry Profile
The qualification of the founders and/or key employees and the key financial highlights.
-Executive Summary
Proving that a profitable market exists by showing customer interest and documenting
market claims.
-Marketing strategy
Company’s general business goals and the company’s immediate objectives.
-Business and Industry Profile
The process of determining whether an entrepreneur’s idea is a viable foundation for
creating a successful business.
-Feasibility Analysis
What Lenders and Investors Look for in a Business Plan?
-all of the above
which of the following is/are the Elements of a Business Plan?
-all of the above
which of the following is/are the Elements of Marketing Strategy?
-all of the above
which of the following is/are the Elements of Marketing Strategy?
-all of the above
which of the following is/are the Elements of a Business Plan?
-all of the above
which of the following is/are the Elements of a Business Plan?
-all of the above
What Lenders and Investors Look for in a Business Plan?
-all of the choices
Number of competitors is large or few (less than 5).
-Rivalry
The company’s business model and basis for competitive edge.
-Executive Summary
They sell a commodity product to the companies in it.
-Suppliers
The switching costs to competitors is high and their numbers is large.
-Buyers
Advantages of economic scale are not present and the capital requirements to enter are
low.
-New Entrants
Description of production process, strategic raw materials, sources, costs.
-Description of Product or Service
Overview of industry or market segment.
-Business and Industry Profile
which of the following is/are the Elements of a Feasibility Analysis ?
-all of the above
An original, functional model of a new product that entrepreneurs can put into the hands
of potential customers so they can see it, test it and use it.
-prototype
A written summary of an entrepreneur’s proposed business venture, its operational and
financial details, its marketing opportunities and strategy, and its managers’ skills and
abilities.
-Business Plan
The company’s target markets and the benefits its product or service will provide.
-Executive Summary
which of the following is/are the Elements of a Business Plan?
-all of the above