Question 11 ptsAccording to a recent study by the National Federation of Independent…

Question 11 ptsAccording to a recent study by the National Federation of Independent Businessmen’s Foundation, new product ideas for small business startups originate from all of the following except: Prior work experiencePersonal interests and hobbiesA chance happeningExisting records of a business Flag this QuestionQuestion 21 ptsIn forming a new business, the first thing a founder should do is:Analyze the market.List their personal skill set.Obtain financial support.Hire a lawyer. Flag this QuestionQuestion 31 ptsThe small business owner must possess all of the following except:Necessary skillsDepth of understanding of the marketPassion for starting a businessFollow a sequential formula Flag this QuestionQuestion 41 ptsFounders of a small business need to be involved in the following in the start up of a business.DesignFundingOperatingAll of the responses are correct Flag this QuestionQuestion 51 ptsA type of analysis that examines opportunities in the marketplace next to the individual’s ability to address those gaps is.Opportunity analysisDifference analysisMarket analysisCustomer analysis Flag this QuestionQuestion 61 ptsThe process of generating ideas should occur in a ______________ environment and not a ____________environment.process, interactiveinteractive, linearlinear, interactivelinear, process Flag this QuestionQuestion 71 ptsIn the deficit analysis, the first column should include the _________________.business ideascategoriesresourcesresources required