Entrepreneurial Process and Mindset Quiz
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Questions and Answers

Which of the following is a characteristic of a well-defined problem?

  • Unpredictability
  • Vagueness
  • Ambiguity
  • Complexity (correct)

    • What is the term for a problem or opportunity that has not yet been fully explored or addressed?

  • Exhausted potential
  • Untapped market (correct)
  • Overlooked scenario
  • Saturated market

    • Which of the following is an internal factor that can lead to problem identification?

  • Technological advancement (correct)
  • Regulatory changes
  • Economic downturn
  • Global competition

    • What is the term for the process of prioritizing problems and opportunities based on their potential impact and feasibility?

    <p>Opportunity selection</p> Signup and view all the answers

    Which of the following is NOT a potential source of problems and opportunities?

    <p>Customer feedback</p> Signup and view all the answers

    What does the term 'customer empathy' refer to in problem identification?

    <p>Understanding and relating to customer experiences and challenges</p> Signup and view all the answers

    Which of the following is NOT a step in the problem identification process?

    <p>Analyzing market trends</p> Signup and view all the answers

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