Entrepreneurship and Product Development (20MS2004) - Lect 3

___________ has defined a business plan as, “It’s a document that convincingly demonstrates that your business can sell enough of its product or services to make a satisfactory profit and to be attractive to potential backers.”

• Chitra Gupta

• Jeff Bezos

• David Gumpert

• Suchi Mukherjee

The level at which an individual is viewed by society is called ____________.

• Social status

• Qualification

• Financial status

• Achievement

Which of these statements best describes the context for entrepreneurship?

• Entrepreneurship takes place in small businesses

• Entrepreneurship takes place in large businesses

• Entrepreneurship takes place in a wide variety of contexts

• Entrepreneurship does not take place in social enterprises

Entrepreneurship can best be described as _________.

• a process that requires setting up a business.

• taking a significant risk in a business context.

• having a strong vision.

• a process involving innovation, new products or services, and value creation

Entrepreneurial development is the key to achieve all-round ---------------- through

acceleration of industrial and entrepreneurial activities.

• economic development

• increase in profits

• shareholders value

• business development

According to sociological approach, entrepreneurship

• Process of sensitivity

• Process of role performance

• Process of economic change

• All of the points

Which of the following attitudes Is not generally associated with successful entrepreneurship :

• Competition and co-operation

• Desire to influence others

• Innovation and product improvement

• Status quo in business

The function of entrepreneur are:

• To imagine a business idea

• To study project feasibility

• To setup enterprise

• All the points

Which of the following sentence is not a characteristic of entrepreneurship:

• Risk taking

• Innovation

• Creative activity

• Managerial training

Which of the following sentence is inconsistent in the context of entrepreneur:

• He is owner of the business

• He is risk taker

• He operates production activities

• He searches out business opportunities