| 3051 |
The ability of an entrepreneur to notice opportunities that others overlook is called: |
Entrepreneurship
Sensing opportunities |
Easy |
| 3052 |
Ritu notices that students in her town travel 40 km to buy engineering drawing instruments because no local s… |
Entrepreneurship
Sensing opportunities |
Medium |
| 3053 |
Why is "timing" considered part of an opportunity? |
Entrepreneurship
Sensing opportunities |
Medium |
| 3054 |
An entrepreneur has a brilliant idea for a gadget, but the cheapest possible production cost is far above wha… |
Entrepreneurship
Sensing opportunities |
Hard |
| 3055 |
In SWOT analysis, which two elements relate to the external environment? |
Entrepreneurship
Environment scanning |
Easy |
| 3056 |
Environment scanning should ideally be: |
Entrepreneurship
Environment scanning |
Easy |
| 3057 |
A rising number of working couples in cities increases demand for ready-to-cook food. Under which environment… |
Entrepreneurship
Environment scanning |
Medium |
| 3058 |
A small electronics firm has a highly skilled repair team. In its SWOT analysis this should be listed as a: |
Entrepreneurship
Environment scanning |
Medium |
| 3059 |
A packaging firm learns that the government plans to ban certain single-use plastics. For a firm making paper… |
Entrepreneurship
Environment scanning |
Hard |
| 3060 |
During a brainstorming session, the main rule while ideas are being generated is: |
Entrepreneurship
Problem identification and idea fields |
Easy |
| 3061 |
A business that makes pickles and jams from fruits grown in nearby orchards draws its idea mainly from the id… |
Entrepreneurship
Problem identification and idea fields |
Easy |
| 3062 |
Arjun observes that elderly people in his colony find it hard to pay utility bills online. He starts a doorst… |
Entrepreneurship
Problem identification and idea fields |
Medium |
| 3063 |
Which of the following is an example of an idea drawn from existing products? |
Entrepreneurship
Problem identification and idea fields |
Medium |
| 3064 |
Why is a precise problem statement important before designing a business solution? |
Entrepreneurship
Problem identification and idea fields |
Hard |
| 3065 |
A change in consumer behaviour that continues over a long period is called a: |
Entrepreneurship
Spotting trends |
Easy |
| 3066 |
A sudden craze for a particular toy that disappears within a few months is best described as a: |
Entrepreneurship
Spotting trends |
Easy |
| 3067 |
Growing health awareness has continued for many years in Indian cities. Which business is LEAST directly link… |
Entrepreneurship
Spotting trends |
Medium |
| 3068 |
Why is it risky to build a long-term business on a fad? |
Entrepreneurship
Spotting trends |
Medium |
| 3069 |
An entrepreneur notices that more people are shifting to digital payments every year. Which pair of businesse… |
Entrepreneurship
Spotting trends |
Hard |
| 3070 |
The stage of the creative process in which a solution suddenly flashes in the mind is: |
Entrepreneurship
Creativity and innovation |
Easy |
| 3071 |
Which statement correctly distinguishes creativity from innovation? |
Entrepreneurship
Creativity and innovation |
Easy |
| 3072 |
A designer studies a problem deeply, then stops working on it for a few days while doing other tasks, after w… |
Entrepreneurship
Creativity and innovation |
Medium |
| 3073 |
A company adds a longer-lasting battery to its existing model of mobile phone. This is an example of: |
Entrepreneurship
Creativity and innovation |
Medium |
| 3074 |
According to Schumpeter's idea of innovation, which of the following counts as an innovation even though no n… |
Entrepreneurship
Creativity and innovation |
Hard |
| 3075 |
The step in which clearly unsuitable ideas are eliminated before detailed study is called: |
Entrepreneurship
Selecting the right opportunity |
Easy |
| 3076 |
Checking whether the required machinery and skilled workers are available is part of: |
Entrepreneurship
Selecting the right opportunity |
Easy |
| 3077 |
Neha estimates the capital needed for a bakery and checks whether expected sales will cover costs with a reas… |
Entrepreneurship
Selecting the right opportunity |
Medium |
| 3078 |
Which order of steps in selecting an opportunity is correct? |
Entrepreneurship
Selecting the right opportunity |
Medium |
| 3079 |
Two ideas have equal market demand and equal expected profit. One needs skills the entrepreneur already has; … |
Entrepreneurship
Selecting the right opportunity |
Hard |
| 3080 |
In which form of business organisation does a single owner bear unlimited liability and take all the profit? |
Entrepreneurship
Forms of business organisation |
Easy |
| 3081 |
The feature of a company by which it continues to exist even if all its shareholders change is called: |
Entrepreneurship
Forms of business organisation |
Easy |
| 3082 |
Meera wants to start a home tuition centre with very little capital, few legal formalities and full personal … |
Entrepreneurship
Forms of business organisation |
Medium |
| 3083 |
In a partnership firm, any partner can bind the firm by acts done in the ordinary course of business. This fe… |
Entrepreneurship
Forms of business organisation |
Medium |
| 3084 |
Three friends plan a venture that will need very large capital from many investors, and they want investors' … |
Entrepreneurship
Forms of business organisation |
Hard |
| 3085 |
A written document describing a business, its goals and the strategies to achieve them is called a: |
Entrepreneurship
Business plan: concept and format |
Easy |
| 3086 |
Which part of a business plan gives a short overview of the whole plan and is usually placed at the beginning? |
Entrepreneurship
Business plan: concept and format |
Easy |
| 3087 |
Why is the executive summary often written after the other sections are complete? |
Entrepreneurship
Business plan: concept and format |
Medium |
| 3088 |
Supporting documents such as market survey results and machinery quotations are usually placed in the: |
Entrepreneurship
Business plan: concept and format |
Medium |
| 3089 |
An entrepreneur who already has enough personal savings says, "I do not need a business plan because I am not… |
Entrepreneurship
Business plan: concept and format |
Hard |
| 3090 |
Details of recruitment, training and salaries of employees belong to the: |
Entrepreneurship
Components of a business plan |
Easy |
| 3091 |
The projected cash flow statement and sources of funds are part of the: |
Entrepreneurship
Components of a business plan |
Easy |
| 3092 |
A business plan section states that the firm will charge ₹250 per unit, sell through local retailers and adve… |
Entrepreneurship
Components of a business plan |
Medium |
| 3093 |
A section of the plan shows the management structure and who reports to whom. This is the: |
Entrepreneurship
Components of a business plan |
Medium |
| 3094 |
Why is the sales forecast in the marketing plan considered a base for the production and financial plans? |
Entrepreneurship
Components of a business plan |
Hard |
| 3095 |
Dividing a market into groups of buyers with similar needs is called: |
Entrepreneurship
Marketing and sales strategy |
Easy |
| 3096 |
In the marketing mix, "place" refers mainly to: |
Entrepreneurship
Marketing and sales strategy |
Easy |
| 3097 |
A new juice brand enters a crowded market with a price lower than that of established brands to attract custo… |
Entrepreneurship
Marketing and sales strategy |
Medium |
| 3098 |
A company advertises its scooter as "the most fuel-efficient choice for daily office commuters". This is an e… |
Entrepreneurship
Marketing and sales strategy |
Medium |
| 3099 |
A firm launches a unique high-tech gadget at a high price, planning to reduce the price after early enthusias… |
Entrepreneurship
Marketing and sales strategy |
Hard |
| 3100 |
The visual symbol or design that represents a brand is called its: |
Entrepreneurship
Branding, logo and tagline |
Easy |