Reference no: EM133232799

1.What is the most basic origin of any entrepreneurial venture?

A.an inefficiency

B.an idea

C.an opportunity

D. None of the above

2. is the most difficult type of innovation, and also the one that most aspiring entrepreneurs pursue.

A.Deconstruction

B.Synthesis

C.Invention

D.Extension

3. The Discovery-AssemblyViability model describes a cycle that is in theoryunending.

A.True

B.False

4. A mission statement provides a qualitative,narrative context in which to

think about a business concept at a deeper level.

A.true

B.false

5. Investors bring which of the following assets to the table?

A.Competitive advantage

B.Money

C.Technology

D.Sales history

6. The model of personal entrepreneurship

experiences has a distinct ending point.

A.True

B. False

7. In pricing, the Price must be________.

A. more than your cost, but less than or equal to what customers are willing to pay.

B. less than your cost, but greater than or equal to what customers are willing to pay

C. more than your cost and more than what customers are willing to pay

D. equal to your cost and equal to what customers are willing to pay

8. Describing the problem and the solution late in the investor presentation will build anticipation so they are eager to help you at the end of the presentation.

A. True

B. False

9.A zoom in pivot is when_______.

A. the whole product becomes a feature of another product.

B. the strategy changes to solve a different need for the target customer

C. a single feature of product becomes the whole product

D.there is a change in the way the product is delivered to the customer

10.Virtual companies own the assets and perform most of their corporate functions in-house.

A.true

B.false