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EEE -Test 1 with complete Questions and Answers...

EEE 2023 Midterm Exam 2023...

Why do most New Ventures need financing or funding? Cash flow challenges Capital investments Lengthy product development cycles Alternatives for raising money for a new venture Personal funds Equity capital Debt financing Creative sources Bootstrapping finding ways to avoid the need for external financing through creativity Elevator speech brief, carefully constructed statement that outlines the merits of a business opportunity. Business Angels invest their ...

three reasons startups need funding 1. Cash flow challenges 2. Capital investments 3. Lengthy product development cycles sources of personal financing 1. Personal funds 2. Friends & family 3. Bootstrapping bootstrapping finding ways to avoid the need for external funding through creativity, ingenuity, thriftiness, cost cutting and any means necessary. three steps to prepare for debt or equity financing 1. Determine how much is needed 2. Determine type of financing t...

It is useful for a new venture to think about its​ _____ at both the company level and the product or service level. Position ​A(n) _____ analysis is a detailed evaluation of a​ firm's competitors. Competitor Which one of the following is NOT a force in the five forces model of industry​ analysis? Threat of Stakeholders Economies of scale are a relevant factor in which of the five​ forces? Threat of new Entrants The five forces model helps a firm determ...

Which one of the following is NOT an essential quality of an​ opportunity? It is profitable Which one of the following is NOT a social trend that is currently affecting how individuals behave and set up​ priorities? Passage of the Affordable Care Act​ (Obamacare) ​____ in the marketplace are a source of business opportunities. Gaps Elon​ Musk, the founder of the electric car company Tesla and​ co-founder of the solar panel company SolarCity is credited with ha...

Entrepreneurship (academic) Process by which individuals pursue opportunities without regard to resources currently controlled Venture Capitalist Art of turning an idea into a business What do entrepreneurs do? assemble and integrate resources needed to transform an invention or idea into a viable business Four primary Characteristics of successful entrepreneurship 1. Passion for venture 2. Tenacity despite failure 3. Customer focus 4. Execution intelligence Fo...