17 Questions
What is a Focused Group Discussion (FGD) used for?
To gather the views of selected consumers on buying behavior
What is one of the rules of Brainstorming mentioned in the text?
Wider ideas are accepted
How is Brainwriting different from Brainstorming?
Brainwriting uses writing or online channels
What is the primary focus of conducting a Brainwriting session?
Sharing creative ideas in writing or online
Which method allows the improvement of others' ideas according to the text?
Brainstorming
What is the significance of 'Range' when screening opportunities, according to the text?
It indicates the potential for a wide range of product or service offerings.
Which criterion refers to the 'next big thing' or a game-changer in an industry during opportunity screening?
Revolutionary Impact
Why is it important to rate opportunities based on 'Resonsiveness to customer needs and wants'?
To align with customer preferences for success.
How does the text suggest evaluating opportunities based on 'Resources Required'?
Fewer resources needed indicate higher desirability.
In opportunity screening, what does 'Revenue' primarily help in determining?
Sales potential of products or services
Why is 'Return on Investment (ROI)' considered an important criterion during opportunity screening?
To determine the profitability of an opportunity
What allows an entrepreneur to see things in a positive and optimistic light during crisis or difficult situations?
Entrepreneurial mind frame
Which aspect of an entrepreneur's opportunity seeking is driven by passion and the pursuit of fulfillment in the discovery process?
Heart flame
What refers to the ability of an entrepreneur to sense without using the five senses?
Gut Game
In the Forces of Competition Model, which of the following is NOT one of the five forces competing within the industry?
Employees
Which method is essential for generating business ideas according to the provided text?
Past experiences and exposures
What aspect of opportunity seeking for an entrepreneur involves a positive and optimistic outlook on challenges?
Heart flame
Test your knowledge on the societal and industry environments, including economic, sociocultural, political forces, government, competitors, suppliers, and more.
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