We can differentiate our business by following the standards of successful firms: False
The goal of channelsofdistribution is to move products from producer to final consumers
It is about an organization structure that can deliver the value planned; hence, the organizational structure can only be identified after the value proposition is formulated: Machinery
It is the relevant and unique benefit that the consumer gets from buying or owning the firm’s product or services: ValueProposition
It is the capacity of an entrepreneur to recover and make progress: Adversity Quotient
Nosiness exists with revenue generation but lack either revenue sources or productivity scale to be profitable. What series of investment is described? Series B
It is a type of mentor needed by entrepreneurs that guides on matters related to present operations, especially key factors for success that the firm should do exceptionally well: Operational
It is competencies were an entrepreneur is being proactive in taking prompt actions to attain objectives: Initiative
They are the experienced advisers who can add value to the entrepreneur by giving sound guidance to increase the competency, lessen the risks, and help open more opportunities for the entrepreneur to succeed: Mentors
If you want to build a sports theme gym, which of the following market segments would be most applicable to focus on? Age
Passion is enough to be an entrepreneur: False
The ultimate judge of quality is the entrepreneur: False
It refers to the ability of an innovator to engage constituents to make them understand and accept your message: Communication
It is about the systems and processes that allow the entrepreneur information and control: Methods
To improve a firm’s profit, the entrepreneur looks at maximizing cost his in the offering model while minimizing revenue in the operating model: False
It is the marketing function that helps sellers to provide information to buyers about the seller’s products is Promotion
Rene is going to put his business but his savings is not enough, he prepares a feasibility study based from his findings the business is very feasible, he approach a financial institution and presented his business proposal and the bank studied well and his proposal is granted. What is being described? Loans
It includes investment from relatives, friends and acquaintances: Partnership
It is building capabilities, knowing the self, the environment as well as the operations: Mastery
It is a type of mentor needed by entrepreneurs that guides on matters related to personal growth: Personal
It is the capacity of an entrepreneur to sense and to empathize: Emotional Quotient
It is a set of buyers that an entrepreneur focuses attention on: Market
Company is operating with both revenue and profit increasing. What series of investment is described? SeriesC
It is about beliefs that being an innopreneur is better than being just an entrepreneur: Mindset
Which of the following addresses the pain points of the consumer? What is being offered?
It is the rearrangement of resources, processes, activities and offerings that can help enhance the profit goal of the company: Configuration
It is competencies were entrepreneurs adjust to external changes while initiating internal changes to attain objectives: Adaptability
Ken is a manager for a local company. He has collected bids for several area trucking companies and is currently comparing them with the invoices of the company’s current trucking service to determine which one is the best transportation vendor for the company use. Ken is analyzing business date in relation to? Distribution
It is known as an owner of a business who invests his/her resources to bring idea to life, setting the direction that transforms that idea into reality, thus providing and gaining value that balances effort, purposes and profit: Entrepreneur
Teyo is a small business owner. Every year, he identifies potential problems that could harm his company and takes steps to prepare for them. In other words, Teyo conducts? Arisk assessment
Which of the following provides trade credit to businesses? Investors
It is the strategic linkage of extended supply chain for the firm to provide specific products or services to the customers: Value Network
It is competencies were an entrepreneur is able to use personal branding and interpersonal styles to gain buy-in from constituents: Influence
It is the relationship as well as the solution that will be established with buyers and end users: Customer Bonding Strategy
Althea is a supervisor in a hotel, every time that she observes something to her staff she gives and receive feedback from peers or other team members in order to perform the task, What skills is being shown? Collaboration
It is the combination of abilities (technical skills like knowledge and expertise) and behavior (like people skills or motivational level): Competencies
Entrepreneurs must choose a specific group of people as their target market: True
It is having the grit to continue the business despite obstacles: Moving forward
It is a person who introduces a new process, product, services or a business model to the marketplace that becomes commercially successful: Innovator