DECA Entrepreneurship: stuff to know correctly answered to pass

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DECA Entrepreneurship: stuff to know correctly answered to pass

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2024/2025

Institution DECA Entrepreneurship

Course DECA Entrepreneurship

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DECA Entrepreneurship: stuff to know correctly answered to pass

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DECA Entrepreneurship: stuff to know
correctly answered to pass

SWOT Analysis - correct answer ✔✔Strengths

Weaknesses

Opportunities

Threats

Value Proposition - correct answer ✔✔the promise of a certain value being delivered on a product

There are more types of ————— than there are ——————— - correct answer ✔✔risks; fish in the
sea

Entrepreneurs turn ----- into ------ for the -------- as a whole - correct answer ✔✔demand; supply;
economy

Entrepreneurial Discovery - correct answer ✔✔scanning for technological, political and regulatory, social
and demographic changes to discover opportunities to produce new goods and services

What are you doing as an entrepreneur when undergoing entrepreneurial discovery? - correct answer
✔✔Find ways to maximize profit and creativity while minimizing risk.

You do this by exploring and learning your market niche and finding ways to make your business unique
and successful in that niche.

How often should an entrepreneur/owner go through the entrepreneurial discovery process? - correct
answer ✔✔Continually

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Uploaded on: February 7, 2025
Number of pages: 4
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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