Recognizing a Potential Market

An entrepreneur enters a business because of its profitability.

• True

• False

New business ideas provide business opportunities.

• True

• False

The entrepreneurial process starts with identification of entrepreneurial opportunities.

• True

• False

Discovery and advancement in the use of technology are additional good sources of business opportunities.

• True

• False

Interest and hobbies of the people are possible good sources of entrepreneurial ideas.

• True

• False

The industry environment of the business is under technological discovery and advancement sources of opportunities.

• True

• False

The variables in the physical environment include the economic forces.

• True

• False

Entrepreneurial heart flame refers to the ability of the entrepreneur to sense without using the five senses.

• True

• False

Entrepreneurial mind frame permits the entrepreneur to see things in a very positive and optimistic light.

• True

• False

Opening a Halo – halo business during summer season is ideal.

• True

• False