Question 1

Question 1

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Which of the following needs to be analyzed during feasibility analysis?

Question 2

1 out of 1 points

_____ describes the various ways that an entrepreneur plans to make money.

Question 3

1 out of 1 points

In reality, a great deal of luck is more important than thought and effort before a company’s products or services ever successfully reach the market.

Question 4

1 out of 1 points

Which of the following is NOT a component of a business model?

Question 5

1 out of 1 points

The value proposition is the benefit that a company derives from a product or service it produces; in other words, it is the reason for the company to be in business.

Question 6

1 out of 1 points

In the context of value proposition, which of the following is NOT considered a benefit to the customer?

Question 7

0 out of 1 points

One of the most common types of partnerships is the _____ relationship, which is used to reduce costs or share facilities like manufacturing or warehousing.

Question 8

1 out of 1 points

Costs that produce the biggest impact on the cost structure are known as

Question 9

1 out of 1 points

Entrepreneurs who use a _____ model want to create premium experiences for their customers that typically involve personalized service and luxury facilities and products.

Question 10

1 out of 1 points

Which of the following can cause a change in a business model?

Question 11

1 out of 1 points

In a(n) _____ cost structure, the primary costs of a business come from customer acquisition and maintaining relationships with customers.

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Question 12

1 out of 1 points

The part of the feasibility analysis that addresses the issue of intellectual property rights is called the

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Question 13

1 out of 1 points

Startups that find themselves trying to compete for value with large, established firms that have strong negotiating power often focus on the acquisition of intellectual property and know-how that they can control and develop to where it is attractive to one of the dominant firms.

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Question 14

1 out of 1 points

Which of the following is an advantage of selling through an intermediary or partner?

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Question 15

0 out of 1 points

Probabilities can be attached to uncertainty.

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Question 16

1 out of 1 points

The part of the feasibility analysis that addresses the issue of intellectual property rights is called the

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Question 17

0 out of 1 points

Probabilities can be attached to uncertainty.

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Question 18

1 out of 1 points

In a(n) _____ cost structure, the primary costs of a business come from customer acquisition and maintaining relationships with customers.

Selected Answer:

Correct Answer:

Question 19

1 out of 1 points

In the context of value proposition, which of the following is NOT considered a benefit to the customer?

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Correct Answer:

Question 20

0 out of 1 points

Benefits reflect attributes of a product such as design and physical characteristics or functions.

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Question 21

1 out of 1 points

Because all of the components of the business model are interrelated, a change in one component affects all the others to some degree.

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Question 22

0 out of 1 points

Philosopher-mathematician Nassim Taleb calls businesses _____ when they guard what they cannot afford to lose and take risks with 10 percent of the business.

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Question 23

1 out of 1 points

The strategy with which an entrepreneur seeks the white spaces where no one is playing and where opportunity is found at the intersection of value and cost is called the “_____” strategy.

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Question 24

1 out of 1 points

A(n) _____ is the person or company that pays for what an entrepreneur is offering.

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Question 25

1 out of 1 points

The distribution channel answers the question “How do you deliver the benefit to the customer?”

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Correct Answer:

Question 26

1 out of 1 points

In reality, a great deal of luck is more important than thought and effort before a company’s products or services ever successfully reach the market.

Selected Answer:

Correct Answer:

Question 27

1 out of 1 points

Depending on the type of business, which of the following forms can a cost structure take?

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Correct Answer:

Question 28

0 out of 1 points

Manufacturing costs are considered to be fixed costs.

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Question 29

1 out of 1 points

The value proposition is the benefit that a company derives from a product or service it produces; in other words, it is the reason for the company to be in business.

Selected Answer:

Correct Answer:

Question 30

1 out of 1 points

All of the following are components of a business model EXCEPT

Selected Answer:

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