eMM4-Quiz-T3&4

What is the primary purpose of the Opportunity Kaleidoscope?

• To analyze competitors
• To organize innovative ideas and identify business possibilities
• To assess market pricing strategies
• To structure employee roles in a company

Which of the following best describes how the Opportunity Kaleidoscope assists in business development?

• It creates financial models for start-ups.
• It provides various perspectives for recognizing opportunities.
• It is a tool for legal contract creation.
• It monitors company performance metrics

What is a characteristic of the reorganized Opportunity Kaleidoscope context?

• It focuses on marketing strategies exclusively.
• It leads readers through different perspectives on opportunity recognition.
• It simplifies financial statement analysis.
• It focuses on competitor profiling.

In franchise agreements, how long do contracts typically last?

• 1 year
• 5 years
• 10 years or more
• Indefinitely

Franchisees and franchisors maintain which type of relationship during their contract?

• Dependent
• Independent
• Semi-independent
• Fully controlled

What economic model is associated with "Franchises and Independent Contracting" in the gig and sharing economies?

• Employment-based economy
• Contract-based economy
• Asset-based economy
• Labor-based economy

Which of the following is a key feature of the Opportunity Kaleidoscope?

• It focuses on job creation.
• It helps organize and categorize innovative ideas.
• It outlines governmental business policies.
• It serves as a financing tool for entrepreneurs.

What type of economic relationship does a franchisee typically have with a franchisor?

• Employer-employee relationship
• Independent but contractually bound relationship
• Joint ownership relationship
• Government-regulated relationship

In which economy are “Franchises and Independent Contracting” especially relevant?

• Agrarian economy
• Traditional economy
• Gig and sharing economy
• Industrial economy

Why is the opportunity recognition process important in business?

• It ensures businesses can avoid risk altogether.
• It helps businesses identify new market possibilities and ideas.
• It guarantees immediate profitability for startups.
• It focuses on cost-cutting measures for established firms.