Recent Lessons

Show all results for ""

Venturing into a New Business

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is NOT a key component of the process of new venture creation?

Opportunity evaluation
Financial planning (correct)
Idea generation
Company formation/launch

What is the primary goal of the New Ventures program?

To promote the development of new products and services
To create new markets and wealth through entrepreneurial ventures
To generate positive environmental or social change within communities (correct)
To provide financial support for small and medium enterprises

Which of the following is NOT listed as an example of an entrepreneurial skill?

Marketing skills (correct)
Business management skills
Communication and listening skills
Financial skills

What is the first phase in the process of new venture creation?

Idea generation (D) Signup and view all the answers

Which of the following statements about new ventures is NOT supported by the text?

New ventures often require significant financial investment (C) Signup and view all the answers

What is the purpose of the business planning process?

To provide a clear direction and defined steps for future decision implementation (D) Signup and view all the answers

Which of the following is NOT mentioned as a component of the process of new venture creation?

Market research (C) Signup and view all the answers

What is the primary purpose of new venture development activities?

To create a business that can be competitive in the market (A) Signup and view all the answers

Which of the following statements about entrepreneurial ventures is NOT supported by the text?

Entrepreneurial ventures often require significant government support (B) Signup and view all the answers

Which of the following is an example of an entrepreneurial skill?

Critical thinking skills (A) Signup and view all the answers

Flashcards are hidden until you start studying