FOE QZ2

The process of determining whether an entrepreneur's idea is a viable foundation for creating a successful business is known as a(n) ________.

• entrepreneurial analysis

• feasibility analysis

• business plan

• business model

• strategic analysis

Which of the following is NOT a macro force that creates change in industries?

• High startup costs inhibit new entrants. 

• Tariffs of up to 145% on Chinese goods.

• A growing trend toward retirement planning.

• The use of an AI robot as a car salesperson.

• Consumers reduce spending due to inflation.

Which of the following is NOT a key consideration regarding the bargaining power of buyers?

• The number of buyers

• Switching costs

• Unique or customized products

• The product is only a small part of the customer’s total cost

• Low capital requirements

When there are ________ suppliers offering similar products, companies have ________ bargaining power.

• many; more

• less; more

• same; same

• different; no

• no; high

Capital required to compete in an industry determines ________.

• bargaining power of buyers

• threat of substitute products

• bargaining power of buyers

• rivalry among competitors

• threat of new entrants

The Malaysian Retail Chain Association (MRCA) offers insights into retail industry performance and upcoming market trends. This is an example of a(n) ________.

• primary research tool

• secondary research tool

• market analysis

• industry analysis

• industry and market feasibility

A robot vacuum prototype usually points out potential problems in ________.

• marketing

• cost to build the prototype

• price to charge the actual product

• design

• sales

________ is the process of finding creative ways to exploit opportunities to launch and grow businesses with the limited resources available for most start-up ventures.

• Financial feasibility analysis

• Prototyping

• Bootstrapping

• Value proposition

• Product or service feasibility analysis

Which question is part of the process of assessing entrepreneur feasibility?

• Is the business profitable?

• Is the idea right for me?

• Does the business meet my goals?

• Do I have the required skills?

• All of the above.

The financial feasibility analysis takes these aspects into consideration:

• capital requirements, entrepreneurial readiness, and return on investment

• capital requirements, value proposition, and time

• capital requirements, estimated earnings, and customer relationships

• capital requirements, estimated earnings, and return on investment

• capital requirements, human resources, and return on investment