Mngt 305 blank Study Guide Exam 1

Mngt 305 blank Study Guide Exam 1 - 11. List 4...

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Management 305, Study Guide (Ch’s 1,2,3,5,6) Chapter 1: 1. 2. 3. List the 3 primary reasons that individuals become entrepreneurs and start their own firms. 4. List 3 reasons why one might NOT become an entrepreneur.
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Chapter 2: 5. 6. List the 3 techniques for identifying an opportunity. 7. List and describe how 2 of the 4 environmental trends discussed in Ch. 2 that might create entrepreneurial opportunities. 8. List and discuss the 4 personal characteristics of the entrepreneurs thought to make some people better at recognizing opportunities (Ch 2). 9. List 3 techniques identified in the text for generating business ideas.
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Chapter 3:
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Unformatted text preview: 11. List 4 characteristics of an attractive industry. 12. List three advantages of targeting a niche market. 13. List three benefits (purposes) of conducting a product/service feasibility analysis. 17. List of being a first-mover AND two advantages of being a second-mover. Chapter 5: 14. List the 5 competitive forces that determine industry attractiveness/profitability. 15. List the 4 primary factors that determine intensity of rivalry. 16. List 4 sources of barriers to entry. 18. List 4 of the 5 industry types identified in Ch. 5 & briefly describe opportunities presented in each. Chapter 6: 19. List 3 reasons why a sound business model is important. 20. List the 4 components of an effective business model. 21. List and briefly discuss the 2 bases for differentiation. 22. List the 3 elements of a company’s customer interface....
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This note was uploaded on 10/17/2011 for the course MNGT 305 taught by Professor Chadwick during the Summer '11 term at Nicholls State.

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Mngt 305 blank Study Guide Exam 1 - 11. List 4...

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