$1.$the opportunity recognitions process focused on:

a$.$ environmental trends and personal characteristics of an entrepreneur

b$.$ economic factor only.

c$.$ technological advanced and social factors only.

d$.$ none of the above.

$2.$ What is the purpose of the Business Model Canvas?

A$.$ to facilitate description and discursion of a business model

B$.$ To create a visual representation of a business model

C$.$ To analyze the competition's business model

D$.$ To outline the steps for developing a business model

$3.$ which is the proper sequence of events in developing successful business idea:

A$.$ opportunity recognition, feasibility analysis, development of a business plan

B$.$ feasibility analysis, opportunity recognition, development of a business plan

C$.$ development of a business plan, opportunity recognition, feasibility analysis

D$.$ feasibility analysis, development of a business plan, opportunity recognition

$4.$ is the process of determining whether a business idea is viable.

A$.$ Feasibility analysis

B$.$ Opportunity recognition

C$.$ Viability analysis

D$.$ Achievability analysis

E$.$ Scenario analysis

$5.$ Talking to industry experts, obtaining feedback from prospective customers, and administering surveys are examples of:

A$.$ primary research

B$.$ secondary research

C$.$ derivative research

D$.$ principal research

$6.$ Does it make sense? Is it reasonable? Is it something consumers will get excited about? Does it take advantage of an environmental trend, solve a problem, or fill a gap in the marketplace? These are the types of questions asked during the component of a complete feasibility analysis,

A$.$ industry$/$target market feasibility

B$.$ organizational feasibility

C$.$ concept feasibility

D$.$ product$/$service feasibility$|$