Entrepreneurship Introduction Quiz

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What are the four main areas of activity in a business model according to the text?

Business opportunity, marketing strategy, operational plan, financial forecast

Customer service, employee training, budgeting, competitor analysis

Product development, market analysis, sales strategy, revenue projection

Infrastructure management, product innovation, customer relationship, financial aspects (correct)

Which section is typically found in a business plan but not in an opportunity business model?

Executive summary

Management team

Profit drivers (correct)

Product innovation

In the context of the Opportunity Business Model, what does 'Proposition' refer to?

Employee training programs

Market analysis for product placement

Cost structure of the business idea

Core value proposition perceived by the customer (correct)

Who are included in the 'People' dimension of the Opportunity Business Model?

Leader, management team, network of advisors, customers, suppliers Signup and view all the answers

What does the 'Process' dimension in the Opportunity Business Model focus on?

Enterprise structure Signup and view all the answers

Which are considered as drivers underpinning an entrepreneurial opportunity?

Personal, Societal, Commercial, Legal, Technological Signup and view all the answers

In the context of a business idea, what does 'Profit' in the Opportunity Business Model refer to?

Real returns and the reasons for doing it Signup and view all the answers

What does 'Place' signify in the Opportunity Business Model?

'Where is the market?' - The market location Signup and view all the answers

'Process' in the Opportunity Business Model refers to:

'How is the enterprise structured?' - Organizational setup Signup and view all the answers

'Personal' and 'Societal' are examples of drivers that underpin an entrepreneurial opportunity because they:

Are related to individual motivations and societal needs respectively. Signup and view all the answers

Entrepreneurship Introduction Quiz

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Questions and Answers

What are the four main areas of activity in a business model according to the text?

Which section is typically found in a business plan but not in an opportunity business model?

In the context of the Opportunity Business Model, what does 'Proposition' refer to?

Who are included in the 'People' dimension of the Opportunity Business Model?

What does the 'Process' dimension in the Opportunity Business Model focus on?

Which are considered as drivers underpinning an entrepreneurial opportunity?

In the context of a business idea, what does 'Profit' in the Opportunity Business Model refer to?

What does 'Place' signify in the Opportunity Business Model?

'Process' in the Opportunity Business Model refers to:

'Personal' and 'Societal' are examples of drivers that underpin an entrepreneurial opportunity because they:

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