Entrepreneurial Opportunity Identification
Commerce ⇒ Entrepreneurship
Entrepreneurial Opportunity Identification starts at 11 and continues till grade 12.
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See sample questions for grade 12
Define 'entrepreneurial opportunity identification'.
Describe the importance of environmental scanning in opportunity identification.
Describe the process of opportunity identification in entrepreneurship.
Describe the role of customer feedback in opportunity identification.
Explain how changes in government policy can create entrepreneurial opportunities.
Explain how technological advancements can lead to new entrepreneurial opportunities.
Explain the difference between an idea and an opportunity in entrepreneurship.
Amit noticed that many people in his city are looking for healthy food options but there are very few restaurants offering such food. What opportunity identification method is Amit using? (1) Market gap analysis (2) Copying competitors (3) Ignoring customer needs (4) Reducing prices
Amit noticed that many people in his city are looking for healthy food options but there are very few restaurants offering such food. What opportunity identification method is Amit using? (1) Market gap analysis (2) Copying competitors (3) Ignoring customer needs (4) Reducing prices
Which of the following is a benefit of using SWOT analysis in opportunity identification? (1) Identifies strengths and weaknesses (2) Ignores threats (3) Reduces creativity (4) Limits market research
Which of the following is a method of opportunity identification? (1) SWOT analysis (2) Market research (3) Brainstorming (4) All of the above
Which of the following is a risk of poor opportunity identification? (1) Business growth (2) Loss of resources (3) Increased profits (4) Market leadership
Fill in the blank: ________ is the ability to see and pursue new business opportunities before others do.
Fill in the blank: ________ is the process of collecting and analyzing information about the market to identify opportunities.
Fill in the blank: ________ is the process of comparing different opportunities to select the best one.
Fill in the blank: ________ is the process of generating a large number of ideas to find potential opportunities.
True or False: All ideas are opportunities.
True or False: An opportunity must be aligned with market demand to be successful.
True or False: Market research is not necessary for identifying entrepreneurial opportunities.
True or False: Networking can help entrepreneurs identify new opportunities.
