multiple choices

1. Why should an entrepreneur do a feasibility study for starting a new venture?

. To identify possible sources of funds

. To see if there are possible barriers to success

. To explore potential customers

.To estimate the expected sales

2. Research show that anyone can learn to be creative. The problem is

. many organizations fail to foster an environment that encourages creativity

. All of the above

. most people have never been taught to be creative

.most people never tap into their pools of innate creativity

3.

Which of the following statement about disruptive innovations is NOT true?

	A.	Compared to existing technologies, it is simpler, more convenient to use, and less sophisticated
	B.	It attracts low-end customers when it is first released in a marketplace
	C.	It always outperforms the existing technologies
	D.	None of the above

4. Flare, an electronics company, created a low-cost, handheld washer that could run on solar-powered battery. The product was also portable and could clean clothes with minimal water usage. This product was initially not seen as a threat by washing machine manufacturers, but it slowly attracted their customers and gained a dominant share in the market. As a result, the traditional washing machine manufacturing companies underwent huge losses and most of them went out of business. In this scenario, the handheld washer is an example of __________ innovation.

Radical
	B.	Incremental
	C.	Disruptive
	D.	Step change