Entrepreneurship Unit 1

Who is known as the father of entrepreneurship?

• Richard Cantillon

• Jean Batiste Say

• Peter Drucker

• Max Weber

The first step in the entrepreneurial process is

• Opportunity Identification

• Development of the business concept

• Idea Generation

• Implementation of the concept

Which of the following is NOT a driver of contemporary entrepreneurship?

• Ease of entry into the informal sector

• Stable Demand

• ICT

• Globalization

Two types of entrepreneurship are

• Survival and novice

• Dynamic growth and Habitual

• Serial and Nascent

• Lifestyle and speculative

Sources of opportunities include

• Current markets

• Social stability

• Demographic changes

• Existing technology

Which of the following can be considered an exit strategy

• Licencing of rights

• IPO

• Liquidation

• Family succession

Which of the following is not a factor to encourage micro level innovation

• Encouraging feedback

• Policies and guidelines

• Monetary rewards

• Autocratic leadership

Which method of intellectual property protection ensures that the process of making a product is protected

• Copyright

• Branding

• Patent

• Industrial Design Rights

Which of the following ensures that original works of art are protected

• Copyright

• Trademark

• Patent

• Industrial Design Rights

Which of the following ensures that now one can copy the way a product looks

• Copyright

• Trademark

• Patent

• Industrial Design Rights