Podcast
Questions and Answers
Which factor is NOT one of the 12 Rs of Opportunity Screening?
Which factor is NOT one of the 12 Rs of Opportunity Screening?
- Relevance to Vision, Mission and Objectives of the Entrepreneur
- Resonance to Values
- Revenues (correct)
- Reinforcement of Entrepreneurial Interests
What is the importance of selecting an opportunity close to your interests as an entrepreneur?
What is the importance of selecting an opportunity close to your interests as an entrepreneur?
- It fulfills customer wishes
- It helps develop skills (correct)
- It ensures a saleable product or service
- It aligns with the vision, mission, and objectives of the entrepreneur
What does the success of revenues depend on in opportunity screening?
What does the success of revenues depend on in opportunity screening?
- Expansion potential
- Ability to strategize and develop a saleable product or service (correct)
- Alignment with customer needs and wants
- Quality of the opportunity
What is the benefit of choosing an opportunity that fits well with unfulfilled customer wishes?
What is the benefit of choosing an opportunity that fits well with unfulfilled customer wishes?
What is the potential for rapid development in opportunities that can be expanded by adding similar products or services, branches, or franchise outlets?
What is the potential for rapid development in opportunities that can be expanded by adding similar products or services, branches, or franchise outlets?
Which of the following is a characteristic of a good vision statement?
Which of the following is a characteristic of a good vision statement?
What does a mission statement describe?
What does a mission statement describe?
Which tense should be used when writing a vision statement?
Which tense should be used when writing a vision statement?
What is the recommended length for a vision statement?
What is the recommended length for a vision statement?
Which person should a vision statement be written in?
Which person should a vision statement be written in?
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