BA470 Final Exam.......

Sep 17th, 2014
SKTFaker
Category:
Health & Medical
Price: $25 USD

Question description

1. Generally speaking, what is the lowest level of total
revenue in which a market becomes attractive for new entrants?

A) $15 million

B) $30 million

C) $25 million

D) $20 million

E) $35 million


2. What is the most successful US airline?

A) United Airlines

B) Pan-Am

C) Southwest Airlines

D) Continental

E) Delta


3. To replace $70,000 of forgone salary and benefits, an
entrepreneur will need the new venture to generate approximately how much in
annual revenue?

A) $200,000

B) $400,000

C) $800,000

D) $70,000

E) $600,000



4. Which of the following is not a part of IDEO’s product
design steps?

A) Gather stimuli

B) Optimize practicality

C) Create stimuli

D) Create customer concepts

E) Multiply stimuli


5. What is the approximate number of baby boomers in the US?

A) 65 – 70 million

B) 55 – 60 million

C) 70 – 75 million

D) 75 – 80 million

E) 60 – 65 million


6. What is an example of a relatively inelastic product?

A) Train tickets

B) DVD Discs

C) Notebooks

D) Burgers

E) Gasoline


7. An understanding of your STA helps you to:

A) Find better management

B) Develop a penetration strategy

C) Train your employees

D) Build your value chain

E) Make better growth decisions


8. Which of the following most typified a “cocktail
entrepreneur”?

A) Decisive

B) Possesses a predilection for cocktails

C) Fails to take action

D) Productive

E) Popular


9. When starting a web business, which measure of
effectiveness matters most?

A) Revenue

B) Profits

C) Click thru rates

D) The number of “eyeballs” looking at your site

E) Overhead expenses


10. In general, the most important source of capital for a
new entrepreneurial venture is which of the following?

A) Profits from the venture

B) Incubators

C) Informal investors

D) Venture Capital

E) Banks


11. What is the name of the process that is the equivalent
of brainstorming, but with a focus on writing rather than verbal communication?

A) Brain-writing

B) Paper-storming

C) Mute-storming

D) Brain –exploding

E) Paper-writing


12. An important technique in brainstorming is to say:

A) “Nice!”

B) “That won’t work because…”

C) “Yes, but…”

D) “Yes and…”

E) “We need to avoid…”


13. Which of the following is not a venture stage
specifically enumerated in the chapter?

A) Launch

B) Growth

C) All of the above are stages

D) Investigation

E) Operations


14. Jim Clark, an IT entrepreneur, became the first Internet
billionaire because of his investment in what company?

A) Netscape Communications

B) Amazon.com Inc.

C) Microsoft Corp.

D) Google Inc.

E) Yahoo! Inc.


15. When analyzing an opportunity which trends should you
focus on?

A) C & D

B) None of the above

C) Present Micro trends

D) a) Historical micro trends b) Current Macro trends c)
Present Micro trends d) Future Macro trends e) A & B f) C & D g) None
of the above

E) Current Macro trends

F) A & B

G) Historical micro trends


16. In which stage is it important to play devil’s advocate?

A) Multiply stimuli

B) Gather stimuli

C) Create stimuli

D) Create customer concepts

E) Optimize practicality


17. What is the short-sighted thinking behind the
penetration-pricing strategy?

A) Loyal customers demand the lowest price

B) Gross margins should be very high for a new product

C) Pricing below competitors will lead to higher market
share

D) The simplest method of selective prices saves time


E) Prices should match the value of products


18. Which of the following entrepreneurs was one of the
pioneers of the biotechnology industry?

A) George Gendron

B) Robert Noyce

C) Arthur Blank

D) Tim Nerners-Lee

E) Robert Swanson


19. According to your textbook, into why type of opportunity
should a business idea translate?

A) Technologically advanced

B) Attractive

C) Unique

D) Easy to implement

E) Realistic


20. The graphical depiction that highlights the diffusion of
product acceptance over time is:

A) C-Curve

B) U-Curve

C) S-Curve

D) V-Curve

E) J-Curve


21. On what category of customers should a startup business
focus most of its attention?

A) TTA

B) PTA

C) None of the above

D) An even share of STA, PTA, and TTA

E) STA



22. The highest average TEA rates are found in?

A) United States

B) European Union

C) Asia Pacific/South Asia

D) sub-Saharan Africa and Latin America/Caribbean

E) Middle East & North Africa


23. What does moving a seed of an idea to a more concrete
possibility require?

A) A business plan

B) Maturity

C) Practical thinking

D) Market research

E) Input from others


24. According to the textbook, people of Hispanic descent
will comprise 25 % of the US population by what year?

A) 2050

B) 2035

C) 2030

D) 2020

E) 2040


25. What is the only action that the “gather stimuli” stage
requires of the entrepreneur?

A) Research

B) Think

C) Ask

D) Observe

E) Do nothing




Tutor Answer

(Top Tutor) Daniel C.
(997)
School: Boston College
PREMIUM TUTOR

Studypool has helped 1,244,100 students

7 Reviews


Summary
Quality
Communication
On Time
Value
kpcutie
Nov 30th, 2016
" Excellent job "
Hemapathy
Nov 17th, 2016
" all I can say is wow very fast work, great work thanks "
BlueOcean
Nov 3rd, 2016
" Awesome! Exactly what I wanted. "
kevin12622
Oct 25th, 2016
" Goes above and beyond expectations ! "
ashleyisgod
Oct 12th, 2016
" Top quality work from this guy! I'll be back! "
likeplum4
Oct 3rd, 2016
" Excellent work as usual "
Molly_Moon
Sep 19th, 2016
" AMAZING as always! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1823 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors