Sources of Entrepreneurial Ideas Quiz

What leads to the identification of entrepreneurial opportunities?

• Creation of an entrepreneurial idea

• Government policies

• Technological advancements

• Past experiences

Which of the following is NOT a part of the external environment?

• Industry environment

• Societal environment

• Personal environment

• Physical environment

What does the physical environment include?

• Economic forces

• Climate

• Government

• Competitors

Which factor is a source of entrepreneurial ideas related to technology?

• Past experiences

• People's interests

• Technological discovery and advancement

• Government's thrust

What can be a result of changes in government policies?

• Increased competition

• Reduced technological advancements

• Decreased customer interest

• New entrepreneurial ideas

People's interests can lead to entrepreneurial ideas by:

• Avoiding market trends

• Focusing solely on past experiences

• Understanding hobbies and preferences

• Creating products that ignore market demand

What is a key aspect of identifying entrepreneurial opportunities?

• Avoiding technological advancements

• Evaluating past experiences

• Ignoring societal changes

• Focusing on personal interests only

Which of the following is a societal force?

• Natural resources

• Climate

• Economic forces

• Wildlife

What is an example of a technological advancement in the restaurant business?

• Online restaurant ordering system

• Traditional menu

• In-person dining only

• Cash-only transactions

What should entrepreneurs do to sustain their business?

• Ignore customer interests

• Focus only on past experiences

• Evaluate the interests of their target market

• Avoid adapting to market changes