Historical Perspectives on Entrepreneurship Quiz

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Questions and Answers

What is the Blue Ocean Strategy primarily about?

Acquiring competitors to dominate the market
Maximizing profits through aggressive marketing
Avoidance of costly competition through innovation (correct)
Reducing product variety to cut costs

What is the primary purpose of a feasibility study?

Assessment of the practicality and potential success of a proposed project or venture (correct)
Evaluating long-term market trends
Maximizing short-term profits
Assessing competitors' strategies

What is the main function of an executive summary in a business plan?

Highlighting employee biographies
Concise overview of the entire business plan (correct)
In-depth market analysis
Detailed financial projections

What is the significance of lean startups?

Shortening product development cycles and validating business models (A) Signup and view all the answers

What is the primary purpose of intellectual property protection?

Protecting original works of authorship (C) Signup and view all the answers

What are complementary assets in the context of business innovation?

Resources or capabilities that enhance the value of an innovation (B) Signup and view all the answers

What is the primary purpose of a business plan?

Comprehensive roadmap for a new venture (A) Signup and view all the answers

What is the primary focus of the Value Chain concept?

Series of activities for delivering a valuable product or service (B) Signup and view all the answers

What is the primary purpose of seed stage financing?

Initial stage of funding for a new venture (D) Signup and view all the answers

What is the primary focus of the appropriability of innovation?

Ability to capture economic benefits from innovation (C) Signup and view all the answers

What is the primary focus of the types of intellectual property protection?

Protection for inventions, brand names, logos, original works of authorship, and confidential business information (B) Signup and view all the answers