DECA Entrepreneurship Performance
Indicators fully solved rated A+
EN - Describe small-business opportunities in international trade - correct answer
✔✔Small businesses can use the globalization offered by the Internet to reach a
wider audience to market and sell to.
EN - Explain the need for entrepreneurial discovery - correct answer ✔✔The need
for entrepreneurship discovery goes along with innovation. Entrepreneurship
discovery increases the market competition, inspires more innovation, leads to
industrial progress, and increases jobs and production.
EN - Discuss entrepreneurial discovery processes - correct answer ✔✔The process
for entrepreneurial discovery is a learning process, it's a vision about
opportunities in existing or emerging sectors
EN - Assess global trends and opportunities for business ventures - correct answer
✔✔This is when you look at day to day economic activity and see where there is
opportunity or trends set by businessmen people. in the roleplay
EN - Determine opportunities for venture creation - correct answer
✔✔Understand the opportunity space around an idea, find an idea in an
attractive and fast growing opportunity space
EN - Assess opportunities for venture creation - correct answer ✔✔SWOT analysis,
turn new idea/product into a business, look at competition
, EN - Generate venture ideas - correct answer ✔✔innovation, new ideas for a
business
EN - Determine feasibility of venture ideas - correct answer ✔✔TMMD analysis:
Time, money, market, determination
EN - Describe entrepreneurial planning considerations - correct answer
✔✔Identify a real opportunity, create a plan to address that opportunity, forecast,
funding, marketing, feasibility
EN - Explain tools used by entrepreneurs for venture planning - correct answer
✔✔PEST analysis, SWOT analysis, 7S model:strategy, structure, systems, style,
shared values, staff and skills
EN - Assess start-up requirements - correct answer ✔✔Legal structure, business
plan, federal employer identification number, company bank account, lease or buy
office space, obtain licenses and permits, hire employees, set up an accounting
and record keeping system
EN - Assess risks associated with venture - correct answer ✔✔Market timing risk,
market adoption risk, market size risk, execution risk, technology risk, business
model risk, platform risk, venture leadership risk, financial risk, defensibility risk
EN - Describe external resources useful to entrepreneurs during concept
development - correct answer ✔✔Small business administration, Due: online
invoicing and digital payments platform, international franchise association, U.S
Patent and Trademark office, VentureBeat
Research - indirect and direct
Indicators fully solved rated A+
EN - Describe small-business opportunities in international trade - correct answer
✔✔Small businesses can use the globalization offered by the Internet to reach a
wider audience to market and sell to.
EN - Explain the need for entrepreneurial discovery - correct answer ✔✔The need
for entrepreneurship discovery goes along with innovation. Entrepreneurship
discovery increases the market competition, inspires more innovation, leads to
industrial progress, and increases jobs and production.
EN - Discuss entrepreneurial discovery processes - correct answer ✔✔The process
for entrepreneurial discovery is a learning process, it's a vision about
opportunities in existing or emerging sectors
EN - Assess global trends and opportunities for business ventures - correct answer
✔✔This is when you look at day to day economic activity and see where there is
opportunity or trends set by businessmen people. in the roleplay
EN - Determine opportunities for venture creation - correct answer
✔✔Understand the opportunity space around an idea, find an idea in an
attractive and fast growing opportunity space
EN - Assess opportunities for venture creation - correct answer ✔✔SWOT analysis,
turn new idea/product into a business, look at competition
, EN - Generate venture ideas - correct answer ✔✔innovation, new ideas for a
business
EN - Determine feasibility of venture ideas - correct answer ✔✔TMMD analysis:
Time, money, market, determination
EN - Describe entrepreneurial planning considerations - correct answer
✔✔Identify a real opportunity, create a plan to address that opportunity, forecast,
funding, marketing, feasibility
EN - Explain tools used by entrepreneurs for venture planning - correct answer
✔✔PEST analysis, SWOT analysis, 7S model:strategy, structure, systems, style,
shared values, staff and skills
EN - Assess start-up requirements - correct answer ✔✔Legal structure, business
plan, federal employer identification number, company bank account, lease or buy
office space, obtain licenses and permits, hire employees, set up an accounting
and record keeping system
EN - Assess risks associated with venture - correct answer ✔✔Market timing risk,
market adoption risk, market size risk, execution risk, technology risk, business
model risk, platform risk, venture leadership risk, financial risk, defensibility risk
EN - Describe external resources useful to entrepreneurs during concept
development - correct answer ✔✔Small business administration, Due: online
invoicing and digital payments platform, international franchise association, U.S
Patent and Trademark office, VentureBeat
Research - indirect and direct
