TEC Assessment 3 Answers
Identifying Business Opportunities
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TEC Exam Questions and Answers:Identifying Business Opportunities
1. The venture/ business should be of high strategic value to a potential acquirer.
2.The market should be large and growing while evaluating whether an idea is an opportunity or not.
3. An idea is defined as the content of cognition.
-
FALSE
4. Why do we need to evaluate an idea?
5. Upfront capital and R& D requirement costs should be high while evaluating whether an idea is an opportunity or not.
-
TRUE
FALSE
6. Is every idea a possible opportunity?
-
TRUE
FALSE
7. Cash flows simply put is the difference between the cash that flows in and cash that flows out
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TRUE
FALSE
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?
9. Successful entrepreneurship requires the ability to balance technical knowledge and market knowledge
-
TRUE
FALSE
10. How to identify whether an idea is a opportunity or not?
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