What does the term 'business opportunity' mean?
Yr 11 Business 2
11th Grade
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Yr 11 Business 2
Quiz
•
Ethan Shields
•
Business
•
11th Grade
•
6 plays
•
Medium
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You made it up
The feasibility of an entrepreneur persuing a business idea
The opportunity a business has
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Select which options are potential challenges for a seed stage business
Atrracting customers
All of these are challenges for seed stage businesess
Legal issues
Resources and funding
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these defines incremental innovation theory
Innovation that occurs over time in small improvements
Reassembling the components of a product to introduce to a new market
Occurs when a smaller business with fewer resources successfully challenges an established business
Involves harnessing new technology and a new business model
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these defines architectural innovation theory
Innovation that occurs over time in small improvements
Reassembling the components of a product to introduce to a new market
Occurs when a smaller business with fewer resources successfully challenges an established business
Involves harnessing new technology and a new business model
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these defines disruptive innovation theory
Innovation that occurs over time in small improvements
Reassembling the components of a product to introduce to a new market
Occurs when a smaller business with fewer resources successfully challenges an established business
Involves harnessing new technology and a new business model
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these defines radical innovation theory
Innovation that occurs over time in small improvements
Reassembling the components of a product to introduce to a new market
Occurs when a smaller business with fewer resources successfully challenges an established business
Involves harnessing new technology and a new business model
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these could a business use to complete a competitor analysis?
SWOT analysis
PEST analysis
Cost-benefit analysis
Break-even analysis
8.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Which of these could a business use to evaluate the viability of a business idea?
PEST analysis
Cost-benefit analysis
Break-even analysis
SWOT analysis
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