Entrepreneurship Journey

Getting detailed information about products and services that already exists in the market is considered as market research.

• True

• False

After proper evaluation of ideas, an entrepreneur comes to know ,what is important and what is not.

• True

• False

The type of Plant and machinery to be taken in a business is mentioned in a marketing plan.

• True

• False

Marketing feasibility includes the raw material and transportation to be needed in the business

• True

• False

Breakeven analysis is mentioned in this type of business plan_________________

Which technique of generating business ideas involves the screening of large amount of information?

• Brainstorming

• Focus Groups

• Environment Scanning

• Market Research

Which ability involves combination of ideas in a unique way?

• Innovation

• Motivation

• Creativity

• Planning

The importance of a feasibility study is judged in terms of-

• Idea viability

• Growth

• Sustainability

• Strategic Planning

Which of the following type of plan helps in communicating with the investors for procurement of finance?

• Organizational Plan

• Marketing Plan

• Business Plan

• Production Plan

Which micro factor is depicted through the given picture?

• Producer

• Customer

• Retailer

• Agent