Part II: TRUE or FALSE. Total $20$ points, $2$ points each.

$1-$ The four forms of feasibility analysis include: product$/$service feasibility, industry$/$target market feasibility, organizational feasibility, and financial feasibility.

True False

$2-$ An idea is a thought, impression, or notion. It may or may not meet the criteria of an opportunity. True

False

$3-$ Entrepreneurship is the process by which individuals pursue opportunities within the constraints of the resources they control.

True

False

$4-$ Entrepreneurial Firms are described as proactive, innovative and risk taking

True

False

$5-$ The two components of organizational feasibility analysis are the management Prowess and the resource sufficiency

True False

$6-$ A core strategy describes how the firm plans to compete relative to its competitors.

True

False

$7-$ A target market is a place within a larger market segment that represents a narrow group of customers with similar interests

True

False

Page $3$ of $7$

$8-$ Disruptive business models are impactful enough that they disrupt or change the way business is conducted in an industry or an important niche within an industry. True False

$9-$ Prior industry experience doesn't lead to recognize opportunities faster than others

True

False

$10-$Library research doesn't provide access to archival data, which can provide useful information for entrepreneurs.

True

False