ETR 220 HY1 Spring 2022 VF Flashcards
Which food is wasted more than it is consumed?
a. fruits and vegetables
b. meat
c. milk
d. seafood
e. grains
a. fruits and vegetables
True or False
Biogas is the solid and liquid generated by anaerobic digestion.
False
What are four major types of innovation?
Invention, Extension, Duplication, Synthesis
true or false. There are very few grant programs devoted to supporting and promoting agriculture and sustainable food.
false
Factors leading to unsuccessful meat processing businesses include all of the following EXCEPT
a. On-site retail.
b. Capital.
c. Management
d. Labor.
e. Planning
A. On-site retail
Identify and discuss three examples of product/market problems that can cause a venture to fail.
#1: Product Doesn't Solve the Right Problems. #2: Picked the Wrong Market. #3: Product is Too Expensive or Provides Poor Value to Customer.
True or False. Anaerobic digestion results in a gas, a solid, and a liquid.
true
list the components and percentages of a credit score
payment history on account 35% amounts owed 30% length of your credit history 15% new credit 10% types of credit in use 10%
- True or False. Food hubs show high promise as profitable organizations in Western North Carolina
True
Explain three of the top myths from the lecture, including the truth about the myth.
All hard work: hard work is not enough
Customers/ investors will come to you: you will always have to seek these groups
All about you/ on your own: many resources and people who want to help you
Government is your friend: maze of regulations/ paperwork, you will need help
Government is your enemy: can be great customers and are not enemies
Must have a high growth goal: small businesses to stay small are also great entrepreneurship
Food packaging serves multiple purposes including…
a. Reducing food costs
b. Increasing convenience
c. Increasing sustainability
d. Preserving moisture
e. Ensuring food safety
f. All
g. None
F
Western North Carolina currently has how much shared cold storage?
a little
Food waste is responsible for about what percent of global greenhouse gas emissions?
a. 8
b. 2
c. 1
d. none
a. 8
True or False
Self-driving vehicles could help reduce the impact of food waste on farmers and the environment
True
- at which stage in the supply chain do the highest percentages of waste occur overall
a. consumer
b. production
c. handling
d. packaging
e. retail
a.consumer
What is the difference between an adaptor and an innovator?
Innovators are involved in higher interest and original ideas and don’t focus on efficiency. Adaptors change in existing establishments and work in groups.
according to this reading, about what percent of food produced in the US is not consumed?
40%
Describe the components of Section 1: Description of the Business
a: Company Analysis and Services-Let the facts speak for themselves
b: Industry and Market Overview and Target Customers- Give the reader information about the size of the market, trends, and what you’re aiming for.
c: Competitive Analysis-Persuade the reader that your competitive tactics are well developed.
d: Marketing Strategy- Price, Product, Promotion, Place, and Participation
e: Facility Location and Operations
f: Management and Personal
g: Exit Strategy
E.
Name the top categories for Amazon Research recommended by Danuel Kebede.
- Baby products
- Beauty products
- Pet products
- Fitness products
List the 6 criteria Fanuel Kebede uses to identify products to carry in his online shop. How many does he require “yes” to to move forward in the feasibility process?
- Does this product solve a problem?
- Product saves time or money?
- The product is not easily accessible locally
- Minimum $20 profit margin
- Mass appeal
- Unique feature
At least 3 criteria must be “yes”
Biogas can be used to?
a. Produce electricity
b. Produce mechanical power.
c. Heat buildings.
d. Power vehicles.
e. All of these
Answer- E
Explain the 5 ways to improve business pitches from the video we watched in class by daymond john
embrace your personality know your numbers proof of concept know your audience be brief
What benefits can businesses accrue by reducing their food waste? A) Improve operations B) Reduce food loss C) Save money D) All of these
D) All of these
Describe the “dimensions of entrepreneurship” as they apply to P&G
Innovativeness: To what extent is the company doing things that are novel, unique, or different.
Discontinuous Innovation, Continuous Innovation, Imitation
Risk-taking: Individual level and organization level: Financial, Technical, Market, Personal, Social
Proactiveness: Anticipating when a product or process is going to be needed, and making it before it’s actually needed.