| 1 |
Which statement best describes an entrepreneurial opportunity? |
Entrepreneurship
Sensing opportunities |
Easy |
| 2 |
The ability of an entrepreneur to notice opportunities that others overlook is called: |
Entrepreneurship
Sensing opportunities |
Easy |
| 3 |
Ritu notices that students in her town travel 40 km to buy engineering drawing instruments because no local s… |
Entrepreneurship
Sensing opportunities |
Medium |
| 4 |
Why is "timing" considered part of an opportunity? |
Entrepreneurship
Sensing opportunities |
Medium |
| 5 |
An entrepreneur has a brilliant idea for a gadget, but the cheapest possible production cost is far above wha… |
Entrepreneurship
Sensing opportunities |
Hard |
| 6 |
In SWOT analysis, which two elements relate to the external environment? |
Entrepreneurship
Environment scanning |
Easy |
| 7 |
Environment scanning should ideally be: |
Entrepreneurship
Environment scanning |
Easy |
| 8 |
A rising number of working couples in cities increases demand for ready-to-cook food. Under which environment… |
Entrepreneurship
Environment scanning |
Medium |
| 9 |
A small electronics firm has a highly skilled repair team. In its SWOT analysis this should be listed as a: |
Entrepreneurship
Environment scanning |
Medium |
| 10 |
A packaging firm learns that the government plans to ban certain single-use plastics. For a firm making paper… |
Entrepreneurship
Environment scanning |
Hard |
| 11 |
During a brainstorming session, the main rule while ideas are being generated is: |
Entrepreneurship
Problem identification and idea fields |
Easy |
| 12 |
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 |
| 13 |
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 |
| 14 |
Which of the following is an example of an idea drawn from existing products? |
Entrepreneurship
Problem identification and idea fields |
Medium |
| 15 |
Why is a precise problem statement important before designing a business solution? |
Entrepreneurship
Problem identification and idea fields |
Hard |
| 16 |
A change in consumer behaviour that continues over a long period is called a: |
Entrepreneurship
Spotting trends |
Easy |
| 17 |
A sudden craze for a particular toy that disappears within a few months is best described as a: |
Entrepreneurship
Spotting trends |
Easy |
| 18 |
Growing health awareness has continued for many years in Indian cities. Which business is LEAST directly link… |
Entrepreneurship
Spotting trends |
Medium |
| 19 |
Why is it risky to build a long-term business on a fad? |
Entrepreneurship
Spotting trends |
Medium |
| 20 |
An entrepreneur notices that more people are shifting to digital payments every year. Which pair of businesse… |
Entrepreneurship
Spotting trends |
Hard |