How can the relevance of a perceived social need be determined?
SOCIAL OPPORTUNITY ASSESSMENT TOOL

Quiz
•
Business
•
12th Grade
•
Medium
Kyle Ocampo
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
By analyzing competitor data
Through surveying prospective target beneficiaries
By assessing market trends
Based on the entrepreneur's intuition
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is community support important for a social opportunity?
It helps reduce competition
It ensures financial stability
The community is a stakeholder and impacts quality of life
It is a legal requirement
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "mission alignment" refer to in the context of social opportunity assessment?
Alignment with financial goals
Alignment with organizational structure
Alignment with competitor strategies
Alignment with the venture's mission
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the "window of opportunity" refer to in the market value potential assessment?
A specific period when conditions are ideal for a favorable reception
A physical opening in the market
The transparency of market conditions
The physical location of the market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is investor interest considered in the market value potential category?
Investors determine the social impact
It is a factor in the financial sustainability of the venture
Investors control market share
Investors influence community support
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between market size and market share?
Larger market guarantees larger market share
It depends on investor interest
Market size doesn't affect market share
It relies on the level of competition in the market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are barriers to entry discussed in the competitive advantage potential?
Obstacles that make it difficult for new entrants to enter a market
Government regulations
Market Competition
Investor preferences
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