Practice Ability To Identify Opportunities (2.2.6) - Entrepreneurship

Practise this section

9 questions

Flashcard drill
2 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
Sign up to start the exercise
Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
Sign up to start the quiz

6 sample questions

Question 1.
What is a market opportunity?
Show hintHide hint
Think about what products you wish existed.
Question 2.
Can you name an example of an unmet need?
Show hintHide hint
Consider what information you struggle to find.
3Question 3.
What defines a market opportunity?
- A surplus of existing products
- A gap for a service or product
- An established market trend
Show hintHide hint
Think of markets that are under-served.
4Question 4.
True or False: Identifying unmet needs is unnecessary for a successful business.
- True
- False
Show hintHide hint
Consider successful entrepreneurs who addressed these needs.
Question 5.
Identify a recent technological innovation and assess it in terms of market opportunity, innovation, and risks.
Show hintHide hint
Look at current trends in health and fitness.
Question 6.
Create a pitch for a new product that addresses an unmet need you experience daily. Describe its innovative features and potential challenges.
Show hintHide hint
Consider your daily inconveniences.

5 more questions in this section. Enroll free to practise them all.