TEC Assessment 3 Answers : TEC Question Answer Key 2024 | TEC Assessment Answers pdf | ( Identifying Business Opportunities )

 

TEC Assessment 3 Answers

Identifying Business Opportunities

TEC Assessment Answers 2024: Here you get all tec assessment answers pdf 2021, tec assessment answers pdf or csc tec assessment answers.This tec assessment questions and answers we provide free of cost.With the help of this answer you can easily crack csc tec exam.in this page you will get assessment 1 tec answer key 2024.This is not a assessment 1 tec answer key 2021 pdf.We also provide all 1 to 10 tec exam answer key 2021.

Table of Content (toc)

TEC Exam Questions and Answers:Identifying Business Opportunities

1. The venture/ business should be of high strategic value to a potential acquirer.

A) TRUE
B) FALSE

ANSWER= (A) TRUE

 

2.The market should be large and growing while evaluating whether an idea is an opportunity or not. 

A) TRUE
B) FALSE

ANSWER= (A) TRUE

 

3. An idea is defined as the content of cognition. 

A) TRUE
B) FALSE

ANSWER= (A) TRUE

 

4. Why do we need to evaluate an idea?

A) To know whether customers will buy the end product of an idea.
B) To know whether the entrepreneur will make profits out of an idea.
C) To know whether the entrepreneur can make a valuable product out of an idea.
D) All of the above.

ANSWER= (D) All of the above.

 

Read More : TEC Assessment 4 Answers : TEC Question Answer Key 2021 | TEC Assessment Answers pdf | ( Understanding Cost Structures )

5. Upfront capital and R& D requirement costs should be high while evaluating whether an idea is an opportunity or not.

A) TRUE
B) FALSE

ANSWER= (B) FALSE

 

6. Is every idea a possible opportunity? 

A) TRUE
B) FALSE

ANSWER= (A) TRUE

 

7. Cash flows simply put is the difference between the cash that flows in and cash that flows out

A) TRUE
B) FALSE

ANSWER= (A) TRUE

 

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8. An electrician observed that grocery stores in his area are running successfully and wanted to open one too. He opened one but was not able to make any profits. Why?

A) The electrician did not have any technical knowledge about how to run a grocery store.
B) The electrician did not realize that they were already three successful grocery stores in his area and there was no need for another one in his area.
C) Neither is correct.
D) Neither is correct.

ANSWER= (C) Both are correct

 

9. Successful entrepreneurship requires the ability to balance technical knowledge and market knowledge

A) TRUE
B) FALSE

ANSWER= (A) TRUE

 

10. How to identify whether an idea is a opportunity or not?

A) An idea needs to be valuable
B) An idea needs to fulfill the need of a customer.
C) Both are correct
D) Neither is correct.

ANSWER= (C) Both are correct

All TEC Final Exam Answer Key 2024 

• TEC Assessment 1 Answers -   Click Here

• TEC Assessment 2 Answers -   Click Here

• TEC Assessment 3 Answers -   Click Here

• TEC Assessment 4 Answers -   Click Here

• TEC Assessment 5 Answers -   Click Here

• TEC Assessment 6 Answers -   Click Here

• TEC Assessment 7 Answers -   Click Here

• TEC Assessment 8 Answers -   Click Here

• TEC Assessment 9 Answers -   Click Here

• TEC Assessment 10 Answers - Click Here

• FINAL Assessment Answers -  Click Here

• TEC Assessment Answers pdf- Click Here

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