Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.The following are the factors contributing to the weaknesses in SWOT analysis, except____. Select one: a.economic slump b.product disadvantages c.lack of capital d.inexperience employees 2.Siti

1.The following are the factors contributing to the weaknesses in SWOT analysis, except____.

Select one:

a.economic slump

b.product disadvantages

c.lack of capital

d.inexperience employees

2.Siti is a new restaurant entrepreneur. She utilizes the three methods to identify business opportunities listed below, except _____.

Select one:

a.observing the direction

b.finding gaps in the market

c.collecting information

d.solving problems

3.Which of the following is the correct sequence for the four steps in the entrepreneurial process?

Select one:

a.developing successful business ideas, moving from an idea to an entrepreneurial firm, deciding to become an entrepreneur, managing and growing the entrepreneurial firm

b.deciding to become an entrepreneur, moving from an idea to an entrepreneurial firm, developing successful business ideas, managing and growing the entrepreneurial firm

c.deciding to become an entrepreneur, developing successful business ideas, moving from an idea to an entrepreneurial firm, managing the growing entrepreneurial firm

d.developing successful business ideas, deciding to become an entrepreneur, moving from an idea to an entrepreneurial firm, managing and growing the entrepreneurial firm

4.Which of the following is not an example of a social force?

Select one:

a.retirement of baby boomers

b.increased interest in healthy foods

c.changes in interest rates

d.increased diversity of the workforce

5.According to Hisrich and Peter (1998), an entrepreneur putting together all resources such as _________to transform the invention into a real business.

Select one:

a.something creative and innovative

b.new technology, innovations. and creative

c.adding value, opportunities and money

d.capital, people, strategy and ability to take the risk.

6.Listed below are the characteristics of creative individuals, except _____.

Select one:

a.visionary

b.humble

c.narrow-minded

d.persuasive

7.Which of the following is not a reason to providing free delivery to customer?

Select one:

a.Planning key activities

b.Promotional strategy

c.Build up customer relationships

d.Arranging marketing channel strategy

8.An event that urges an individual to become an entrepreneur, such as unemployed, inherited wealth, or adapting a certain lifestyle, is indicated as a(n):

Select one:

a.prompting event

b.triggering event

c.entrepreneurial prompt

d.initiating event

9.What is the best way for Ali to identify a business opportunity if he wants to make a digital marketing company?

Select one:

a.Visualization, passion and persistence

b.Recognize problems and develop innovative ways to grab the opportunity

c.Think creatively and innovatively

d.Observe the technological trend in Malaysia

10.The number one reason that people become entrepreneurs is to:

Select one:

a.reduce the risk in their lives

b.be their own boss

c.capture more of the spotlight

d.realize financial rewards

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Economics

Authors: Barry Field, Martha K Field

5th Edition

0073375764, 9780073375762

More Books

Students also viewed these Economics questions

Question

2. What do the others in the network want to achieve?

Answered: 1 week ago

Question

1. What do I want to achieve?

Answered: 1 week ago