Chapter 4: Business Opportunities Quiz

What is defined as a situation that enables an entrepreneur to offer products or services?

• Threat

• Challenge

• Opportunity

• Risk

Which analysis tool focuses on strengths, weaknesses, opportunities, and threats?

• Financial Analysis

• Market Analysis

• SWOT Analysis

• Business Model Canvas

What is the first stage in the Opportunity Development Process?

• Implementing Opportunity

• Identifying Opportunity

• Selecting Opportunity

• Evaluating Opportunity

Which of the following is NOT a factor to consider when evaluating an opportunity?

• Market

• Personal Preference

• Operation

• Financial

What does the Business Model Canvas help to structure?

• SWOT Analysis

• Marketing Strategy

• Business Plan

• Financial Report

Which of the following is a key resource category in the Business Model Canvas?

• Market Trends

• Sales Strategies

• Human Resources

• Customer Feedback

What is a potential threat in a SWOT analysis?

• Internal Strength

• Market Opportunity

• Customer Needs

• Competitor Actions

Which of the following describes a 'Value Proposition' in the Business Model Canvas?

• The cost of production

• The unique value offered to customers

• The distribution channels

• The target market segment