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  21) According to a recent PricewaterhouseCooper's survey (cited in the textbook) of rapid-growth entrepreneurial firms, ________ of the 350 firms surveyed sell in international markets. A) 15% B) 25% C) 46% D) 77% E) 90% 22) According to the textbook, international new ventures are: A) businesses that have employees located in three or more countries B) businesses that.

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  11) GasBuddy and GasPriceWatch.com are companies started to help consumers save money on gas. Which environmental trend is most likely to have provided the impetus for the creation of these companies? A) regulatory changes B) political changes C) economic forces D) technological advances E) social forces 12) Economic forces impact the opportunities available to entrepreneurs. Which.

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  41) In the five-stage creative process, the flash of recognition, or what is sometimes referred to as the "eureka" experience, occurs in the: A) insight stage B) preparation stage C) incubation stage D) elaboration stage E) evaluation stage 42) ________ is (are) used to generate a number of ideas quickly. A) Insight groups B) Competitive intelligence gatherings C) Examination.

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  41) The FDD contains ________ categories of information. A) 5 B) 15 C) 23 D) 33 E) 41 42) The document that consummates the sale of a franchise is called the: A) Franchise Disclosure Document B) franchise agreement C) license agreement D) Uniform Franchise Licensing Code E) franchise circular 43) While franchise agreements vary, each agreement typically contains two sections: A) the statutory.

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  51) Internal growth strategies involve efforts taken within the firm itself, such as new product development, other product-related strategies, and international expansion. 52) Internally generated growth is often called organic growth because it does not rely on outside intervention. 53) New product development involves designing, producing, and selling new products as a.

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  31) Which of the following statements is incorrect regarding the franchisor-franchisee relationship? A) A franchisee may be charged a fee for additional training. B) Some franchisors require a new franchisee to pay a "grand opening" fee. C) Franchisees are often required to pay into a national or regional advertising fund. D) Weekly or monthly.

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  21) According to the example provided in Chapter 5, www.1800contacts.com possesses a nontraditional barrier to entry referred to as: A) unique business model B) strength of management team C) access to distribution channels D) Internet domain name E) first-mover advantage 22) Which of the following was not identified in the textbook as a nontraditional barrier to.

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  11) The Savvy Entrepreneurial Firm feature in Chapter 14 focuses on SwitchFlops, a company that produces sandals with interchangeable straps. The primary takeaway from the feature is that savvy growth-minded startups: A) utilize both internal and external growth strategies B) emphasize internal rather than external growth strategies C) emphasize international growth strategies.

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  41) ________ is the licensing of a recognized trademark or brand that the licensor typically controls through a registered trademark or copyright. A) Goods and character licensing B) Products and trademark licensing C) Products and brand licensing D) Merchandise and character licensing E) Products and services licensing 42) Merchandise and character licensing is the licensing of.

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  41) The focus in organizational feasibility analysis is on: A) financial resources for manufacturing firms and nonfinancial resources for service firms B) financial resources for service firms and nonfinancial resources for manufacturing firms C) nonfinancial and financial resources equally D) nonfinancial resources E) financial resources 42) The Partnering for Success feature in Chapter 3 focuses on.

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  21) A buying intentions survey is typically administered as part of ________ feasibility analysis. A) financial B) organizational C) industry/target market D) legal/regulatory E) product/service 22) Katlin Smith is investigating the feasibility of developing an iPhone app to help high school students with math. To get a good handle on the potential demand for her service,.

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  61) Weak-tie relationships are characterized by infrequent interaction and ties between casual acquaintances. 62) It is more likely that an entrepreneur will get a new business idea through a strong-tie than a weak-tie relationship. 63) The five stages of the creative process include preparation, incubation, insight, evaluation, and elaboration. 64) Incubation is the.

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  71) Describe the difference between an idea and an opportunity. Why is the distinction important? 72) Describe the three separate ways that entrepreneurs identify new business, product, and service opportunities? 73) Describe the difference between strong-tie and weak-tie relationships. Is it more likely that an entrepreneur will get new ideas through strong-tie.

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  61) Industry/target market feasibility is an assessment of the overall appeal of the industry and the target market for the product or service being proposed. 62) Organizational feasibility analysis is conducted to determine whether a proposed business venture has sufficient management expertise, organizational competence, and resources to successfully launch its business. 63).

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