APSC 221 Final Question and answers 100% correct 2024/2025
0 view 0 purchase
Course
APSC 221
Institution
APSC 221
APSC 221 Final Question and answers 100% correct 2024/2025 APSC 221 Final ( third half of terms)
and ________ is a favourable set of circumstances that creates a need for a new product or service - correct answer oppertunity
what is the difference between an entrepreneur and an intraprene...
APSC 221 Final ( third half of terms)
and ________ is a favourable set of circumstances that creates a need for a
new product or service - correct answer ✔oppertunity
what is the difference between an entrepreneur and an intrapreneur - correct
answer ✔intrapreneur- within the firm, does not possess the risks associated
with entrepreneurship- often has resources at disposal
what is involved in the window of opportunity - correct answer ✔- attractive
-timely
-durable
-creates or adds value
T/F ideas always lead to oppertunity - correct answer ✔F
what are the three ways to identify an oppertunity - correct answer ✔1.
observing trends
2. solving a problem
3. finding gaps in the marketplace
what are the 4 environmental trends suggesting an opportunity - correct
answer ✔1. economic forces
2. social forces
3. technological advances
4. political and regulatory changes
gaps in the market place are often created when... - correct answer ✔a
product or service is needed by a specific niche group of people, but does not
represent a large enough market to be of interest to mainstream retailers
what are the personal characteristics of the entrepreneur - correct answer
✔1. prior experience
2. cognitive factors
3. social networks
4. creativity
what is group think phenomenon - correct answer ✔desire for harmony or
conformity in the group results in irrational or dysfunctional decision making
business ideas are more likely to be generated from weak-tie relationships -
correct answer ✔true
what are the 5 stages of the creative process - correct answer ✔1.
preparation
2. incubation
3. insight and connections
4. evaluation
5. elaboration
what are the major forms of idea generation research - correct answer ✔1.
library
2. internet
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Carzola98. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
