The 5 key elements of a good business plan are:
3. Question 3 The 5 key elements of a good business plan are: 1 point Price, technology, team, competition, financials The need; the product; unique features; future developments;…
First and foremost, the business plan is aimed at:
2. Question 2 First and foremost, the business plan is aimed at: 1 point You yourself, the entrepreneur Other workers Investors
What are the four principles of design thinking?
1. Question 1 What are the four principles of design thinking? 1 point Clean, simple, modern, functional Human rule; ambiguity rule; re-design rule; tangibility rule Cost, price,…
The four types of real options are:
3. Question 3 The four types of real options are: 1 point Financial; human resource; technology; patents Option to delay; to abandon; to expand; to exploit a new…
By creating opportunities to bail out of a failing business idea:
2. Question 2 By creating opportunities to bail out of a failing business idea: 1 point You make it too easy to give up You ‘truncate’ (cut off)…
A ‘real option’ is defined as:
1. Question 1 A ‘real option’ is defined as: 1 point A decision based on several alternatives The right to expand an initial investment or exploit an opportunity…
The four types of business risk are:
2. Question 2 The four types of business risk are: 1 point Operational; technology; intellectual property; opposition Likely, very likely, unlikely, vary rare
In a good business plan, risks are:
1. Question 1 In a good business plan, risks are: 1 point Listed exhaustively, in detail Stated not to exist Ignored
The difference between uncertainty and risk is:
3. Question 3 The difference between uncertainty and risk is: 1 point Uncertainty is more damaging Uncertainty has no defined probability or likelihood; risk has a defined probability…