EEE test 1
Study online at https://quizlet.com/_dr08fg
1. What is Entrepreneur- involves being alert to,discovering, exploring, evaluating, andworking
ship? to take advantage of potentiallyvaluable business opportunities.
2. 9 out of 10 companies false
fail in the first year. T/F
3. % of US population start- 11.9
ing new buisness
4. Characteristics of Suc- 1. Passion for the business
cessful Entrepreneurs 2. Product/customer focus
3. Tenacity despite failure
4. Execution intelligence
5. Types of Startup Busi- salary substitute
nesses entrepunurial
lifestyle
6. Opportunity set of favorable circumstances that creates a need for a new product,
service, or business
7. Idea a thought, impression, or notion
8. 4 Essential Qualities of Durable
Opportunity Attractive
anchored in product or service
Timely
9. Three Ways to Identify observing trends
an Opportunity finding gaps
solving problems
10. different trends Economic forces Social forces Technological advances Political and reg-
ulatory change
1/7
, EEE test 1
Study online at https://quizlet.com/_dr08fg
11. What Is Feasibility Analy- Process of determining whether a business idea is viable.
sis?
12. Timing of Feasibility Best time to conduct a feasibility analysis is early in thinking throughthe
Analysis prospects for a new business.- Screen ideas before a lot of resources
are spent on them.3-3
13. 4 parts of feasibility product service feasibility
analysis industry target market feasibility
organizational feasibility
financial feasibility
14. Secondary Research Probes data that is already collected.- Includes industry studies, Census
Bureau data, analyst forecasts, and other pertinent information gleaned
through library and Internet research.
15. First Screen it's a tool that can be used in the initial pass at determining the feasibility
of a business idea
16. product/service feasibili- Assessment of the overall appeal of the product or service being pro-
ty analysis purpose posed. Before you rush a new product or service into development,
ensure that the product or service is what prospective customers want.
17. Components of prod- Product/Service Demand
uct/service feasibility Product/Service Desirability
analysis
18. most important part of Talking Face-to-Face with Potential Customers
product/service demand
19. Industry/Target Market Assessment of the overall appeal of the industry and the target market
Feasibility Analysis Pur- for the proposed business
pose
2/7
Study online at https://quizlet.com/_dr08fg
1. What is Entrepreneur- involves being alert to,discovering, exploring, evaluating, andworking
ship? to take advantage of potentiallyvaluable business opportunities.
2. 9 out of 10 companies false
fail in the first year. T/F
3. % of US population start- 11.9
ing new buisness
4. Characteristics of Suc- 1. Passion for the business
cessful Entrepreneurs 2. Product/customer focus
3. Tenacity despite failure
4. Execution intelligence
5. Types of Startup Busi- salary substitute
nesses entrepunurial
lifestyle
6. Opportunity set of favorable circumstances that creates a need for a new product,
service, or business
7. Idea a thought, impression, or notion
8. 4 Essential Qualities of Durable
Opportunity Attractive
anchored in product or service
Timely
9. Three Ways to Identify observing trends
an Opportunity finding gaps
solving problems
10. different trends Economic forces Social forces Technological advances Political and reg-
ulatory change
1/7
, EEE test 1
Study online at https://quizlet.com/_dr08fg
11. What Is Feasibility Analy- Process of determining whether a business idea is viable.
sis?
12. Timing of Feasibility Best time to conduct a feasibility analysis is early in thinking throughthe
Analysis prospects for a new business.- Screen ideas before a lot of resources
are spent on them.3-3
13. 4 parts of feasibility product service feasibility
analysis industry target market feasibility
organizational feasibility
financial feasibility
14. Secondary Research Probes data that is already collected.- Includes industry studies, Census
Bureau data, analyst forecasts, and other pertinent information gleaned
through library and Internet research.
15. First Screen it's a tool that can be used in the initial pass at determining the feasibility
of a business idea
16. product/service feasibili- Assessment of the overall appeal of the product or service being pro-
ty analysis purpose posed. Before you rush a new product or service into development,
ensure that the product or service is what prospective customers want.
17. Components of prod- Product/Service Demand
uct/service feasibility Product/Service Desirability
analysis
18. most important part of Talking Face-to-Face with Potential Customers
product/service demand
19. Industry/Target Market Assessment of the overall appeal of the industry and the target market
Feasibility Analysis Pur- for the proposed business
pose
2/7
