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Exam 6: Screening Venture Opportunities

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Question 1

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The opportunity must be placed in the context of both a competitive environment and an existing ________ that the entrepreneur believes can be improved upon and altered in a way that creates value.

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value chain

Question 2

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Equal salaries and stock ownership in a plan point to naïve assumptions about tasks,roles,and responsibilities.

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B) False

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Question 3

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The single largest factor contributing to stillborn ventures and to those who will ripen as lemons is lack of focus on profitability and cash flow.

When researching an opportunity,it is essential to communicate with ________ and document their responses.

What will investors expect to see in a venture that is not expected to be harvested?

What are the five anchors that are consistent with ideas that turn into superior businesses?

Saying no to lots of opportunities is strategy for increasing the odds of new venture success.

First-time entrepreneurs tend to overestimate sales and delivery dates.What do they tend to underestimate?

Name three sources of information that entrepreneurs can use to develop their venture opportunity profile.

________ refers to the gaps in an industry or market into which your opportunity falls.

The venture opportunity screening exercise creates the foundation for the development of ________.

With regard to screening new venture opportunities,why is time the ultimate ally and enemy of the entrepreneur?

Which of the following is not an aspect of new venture success?

Completing the Venture Opportunity Screening Exercise is designed to clear up the uncertainties and risks associated with that venture concept.