Podcast
Questions and Answers
What is a Focused Group Discussion (FGD) used for?
What is a Focused Group Discussion (FGD) used for?
- To collect data on random consumers
- To criticize consumers for their buying behavior
- To gather the views of selected consumers on buying behavior (correct)
- To advertise products to consumers
What is one of the rules of Brainstorming mentioned in the text?
What is one of the rules of Brainstorming mentioned in the text?
- Improving others' ideas is not allowed
- Wider ideas are accepted (correct)
- Accepting fewer ideas
- Encouraging destructive criticism
How is Brainwriting different from Brainstorming?
How is Brainwriting different from Brainstorming?
- Brainwriting only accepts few ideas
- Brainwriting uses writing or online channels (correct)
- Brainwriting does not allow writing ideas
- Brainwriting uses face-to-face communication
What is the primary focus of conducting a Brainwriting session?
What is the primary focus of conducting a Brainwriting session?
Which method allows the improvement of others' ideas according to the text?
Which method allows the improvement of others' ideas according to the text?
What is the significance of 'Range' when screening opportunities, according to the text?
What is the significance of 'Range' when screening opportunities, according to the text?
Which criterion refers to the 'next big thing' or a game-changer in an industry during opportunity screening?
Which criterion refers to the 'next big thing' or a game-changer in an industry during opportunity screening?
Why is it important to rate opportunities based on 'Resonsiveness to customer needs and wants'?
Why is it important to rate opportunities based on 'Resonsiveness to customer needs and wants'?
How does the text suggest evaluating opportunities based on 'Resources Required'?
How does the text suggest evaluating opportunities based on 'Resources Required'?
In opportunity screening, what does 'Revenue' primarily help in determining?
In opportunity screening, what does 'Revenue' primarily help in determining?
Why is 'Return on Investment (ROI)' considered an important criterion during opportunity screening?
Why is 'Return on Investment (ROI)' considered an important criterion during opportunity screening?
What allows an entrepreneur to see things in a positive and optimistic light during crisis or difficult situations?
What allows an entrepreneur to see things in a positive and optimistic light during crisis or difficult situations?
Which aspect of an entrepreneur's opportunity seeking is driven by passion and the pursuit of fulfillment in the discovery process?
Which aspect of an entrepreneur's opportunity seeking is driven by passion and the pursuit of fulfillment in the discovery process?
What refers to the ability of an entrepreneur to sense without using the five senses?
What refers to the ability of an entrepreneur to sense without using the five senses?
In the Forces of Competition Model, which of the following is NOT one of the five forces competing within the industry?
In the Forces of Competition Model, which of the following is NOT one of the five forces competing within the industry?
Which method is essential for generating business ideas according to the provided text?
Which method is essential for generating business ideas according to the provided text?
What aspect of opportunity seeking for an entrepreneur involves a positive and optimistic outlook on challenges?
What aspect of opportunity seeking for an entrepreneur involves a positive and optimistic outlook on challenges?
