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Entrepreneurship

Review Questions

EntrepreneurshipReview Questions
1.

What is entrepreneurial opportunity?

2.

What are five methods through which an entrepreneur can create new economic opportunities, according to Joseph Schumpeter?

3.

What are some factors that might indicate it is a good time to start a business?

4.

When should an entrepreneur explore opportunities?

5.

What should a potential entrepreneur research before starting a business?

6.

What kind of information is available in census data and how might that data be useful?

7.

Compare and contrast supply-based opportunities and demand-based opportunities.

8.

How can using a PEST analysis contribute to discovering new patterns of trends for recognizing entrepreneurial opportunities?

9.

What is a SWOT analysis and how is it useful?

10.

What is a unique selling proposition?

11.

What is a business model?

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© Sep 19, 2024 OpenStax. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution License . The OpenStax name, OpenStax logo, OpenStax book covers, OpenStax CNX name, and OpenStax CNX logo are not subject to the Creative Commons license and may not be reproduced without the prior and express written consent of Rice University.