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ED ASSIGNMENT -2
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Choose
Chanakya
Eklavys
Takshashila
Gurukul
Which of the following shows the process of creating something new?
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1 point
Business Model
Financial Model
Creative Flexibility
Innovation
Which of the following is alternatively called corporate venturing?
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1 point
Entrepreneurship
Intrapreneurship
Act of stating a new venture
Offering new products by an existing company
"Which one of the following is an important source of idea generation due to their familiarity with the needs of market?"
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1 point
Existing products and services
Distribution channels
Federal Government
Consumers
EDP (Entrepreneurship Development Programmes) is required to help:
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1 point
Existing entrepreneurs
First generation entrepreneurs
Future generations entrepreneurs
None of the above
The development of a new venture based on an inventor's work often requires ________
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1 point
Expertise of an entrepreneur
Heavy investment from financers
Skilled human resources
Highly educated staff
The idea and actions that explain how a firm will make its profits refers to
1 point
Mission
Goal
Strategy
objective
Option 5
Clear selection
"Which of the following is a reason why a person might prefer to purchase a franchise rather than open a completely new business? "
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1 point
Higher failure rate.
Increased Independence.
Ability to benefit from previous experience.
Reduced royalty fees.
Which of the following is an internal factor that influences entrepreneurs?
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1 point
Technological Capacity
Social Environment
Political Environment
Economical Environment
"_______ requires proper review and reconsideration of the selected alternative before implementing it. "
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1 point
Developing possible alternatives
Selecting the best alternative
Checking the decision
Exploring the developed alternatives
Financial feasibility analysis can be done by comparing ______________ with the estimated sales figure
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1 point
Cash Flow
Balance Sheet
Break-Even Point
Profit and Loss Statement
If someone starts a new business that is a service station, this is an example of a(n):
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1 point
new concept/new business.
new concept/existing business
existing concept/new business.
existing concept/existing business.
The startups which rarely go public are called:
1 point
Life style
Foundation company
Small company
High potential venture
Clear selection
Which of the following is usually not a barrier to market entry for a small firm?
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1 point
economy of scale
good ideas
switching costs
access to distribution
" The entrepreneur who is committed to the entrepreneurial effort because it makes good business sense is classed as a/an_____________________ "
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1 point
Inventor
Opportunist
Hacker
Craftsman
The most cited source of new business ideas is
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1 point
Brainstorming
in-depth understanding of industry/profession.
a hobby.
copying someone else.
" Which of these refer to an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with help from the owner? "
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1 point
Franchising
Business incubation
Spinning Off
Globalization
"Which of these offers the advantage that the entrepreneur has the ability to develop and design the business in the entrepreneur's own way? "
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1 point
Participate in a business incubator
Start a new business
Buy a franchise
Buy an existing business
Which one of the following is an advantage of the small firm in the innovation process?
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1 point
Ability of the entrepreneur to carry out multiple tasks
Ability to raise finance
Ability to carry out R&D
Ability of the entrepreneur to act on new ideas or product development
" Which ONE of the following is not a creativity barrier?"
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1 point
Negative beliefs and habits
Environment not willing to risk
Full financial support
Making assumptions
The first step in the entrepreneurial creativity process is:
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1 point
Information gathering
"Ignoring all existing information
Idea generation
Preparation
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