multiple choices

1. Why should an entrepreneur do a feasibility study forstarting a new venture?

. To identify possible sources of funds

. To see if there are possible barriers to success

. To explore potential customers

.To estimate the expected sales

2. Research show that anyone can learn to be creative. Theproblem is

. many organizations fail to foster an environment thatencourages creativity

. All of the above

. most people have never been taught to be creative

.most people never tap into their pools of innate creativity

3.

Which of the following statement about disruptive innovations isNOT true?

	A.	Compared to existing technologies, it is simpler, moreconvenient to use, and less sophisticated
	B.	It attracts low-end customers when it is first released in amarketplace
	C.	It always outperforms the existing technologies
	D.	None of the above

4. Flare, an electronics company, created a low-cost,handheld washer that could run on solar-powered battery. Theproduct was also portable and could clean clothes with minimalwater usage. This product was initially not seen as a threat bywashing machine manufacturers, but it slowly attracted theircustomers and gained a dominant share in the market. As a result,the traditional washing machine manufacturing companies underwenthuge losses and most of them went out of business. In thisscenario, the handheld washer is an example of __________innovation.

Radical
	B.	Incremental
	C.	Disruptive
	D.	Step change