NEW VENTURE CREATION-MBA 722

BUSINESS IDEA is a concept that can be used for financial gain that is usually centered on a product or service that can be offered for money.

• TRUE

• FALSE

Innovation is the introduction of something new.?

• TRUE

• FALSE

A detail proposal describing the business idea?

• Business Idea

• Business Research

• Business Plan

• Business Framework

One of the importance of business innovation is to increase revenue?

• TRUE

• FALSE

IDEAS can be found only on Financial Institutions?

• TRUE

• FALSE

The stage in which the entrepreneur decides in future growth?

• DISCOVERY

• ACTUALIZATION

• RESOURCING

• HARVESTING

A mixture of a partnership and corporation?

• PARTNERSHIP

• LIMITED LIABILITY COMPANY

• CORPORATION

• NON PROFIT ORGANIZATION

Believe in the impossible is one of the mindset of innovation?

• TRUE

• FALSE

• NOT SURE

Process innovation it makes things possible?

• TRUE

• FALSE

• NOT SURE

• BOTH

A small notebook with the problems written down and kept throughout a certain time-period is a Creative Problem Solving Technique called FREE ASSOCIATION

• TRUE

• FALSE