For every statement indicate whether it's a true of false statement $20$ marks $(20$ x $1$ marks$).$ Write down your answers on the answer sheet provided.

$1.$ Successful entrepreneurs are always passionate about their business.

$2.$ One of the common myths about entrepreneurs is that they are born with entrepreneurial

abilities.

$3.$ Being a successful entrepreneur often involves being risk$-$averse.

$4.$ Entrepreneurs are always motivated primarily by money.

$5.$ Entrepreneurs thrive in the spotlight and love public attention.

$6.$ "Focus Groups" involve gathering a diverse group of people to discuss a specific topic and generate insights and ideas.

$7.$ "Cognitive Factors" can be a reason why a company that solved a problem with a great product went out of business.

$8.$ Industry Attractiveness is concerned with evaluating the market potential of a specifie industry

$9.$ Total Start$-$Up Cash Needed is the projected revenue for the first year of the venture.

$10.$ Financial Performance of Similar Businesses involves assessing the historical financial data of comparable businesses.

$11.$ High exit barriers increase the intensity of rivalry among existing firms in an industry.

$12.$ Bargaining power of buyers tends to increase when the cost of switching to an alternative product is low.

$13.$ The Five Forces model helps businesses identify opportunities for growth and strategic positioning within an industry.

$14.$ The threat of substitutes is higher when the switching costs from one product to another are HIGH.