Business Entities

What is a startup?

• An established company with a long history in the market

• A newly established business in its early stages of development

• A government-funded initiative

• A non-profit organization

What is a key characteristic of startups in terms of innovation?

• They focus on traditional and well-established markets

• They implement proven business models

• They introduce innovative ideas, products, or technologies

• They avoid any risks associated with new ideas

How do startups typically seek funding for their growth?

• By borrowing from banks

• By raising funds through initial public offerings (IPOs)

• Through venture capital firms, angel investors, or crowdfunding platforms

• By government grants only

What is the main goal of startups in the early stages of development?

• Maximizing profits and dividends

• Establishing a long-standing presence in the market

• Achieving sustainability and stability

• Validating the business model and gaining traction

What is the purpose of conducting market research in the startup phase?

• To validate the business idea and potential customer demand

• To establish a monopoly in the market

• To gather data for academic research

• To attract competitors to the industry

Which stage of a startup’s development involves the initial development and launch of the product or service?

• Seed stage

• Growth stage

• Maturity stage

• Introduction stage

What is a key challenge that startups often face due to their early stage of development?

• High level of financial stability

• Established customer base

• High scalability potential

• Uncertainty and risk

What is the primary focus of startups in the growth stage?

• Attracting seed funding

• Establishing a monopoly in the market

• Scaling their operations and increasing market share

• Planning for exit strategies

What is the primary goal of startups during the maturity stage?

• Seeking funding from venture capitalists

• Identifying new markets for expansion

• Gaining a competitive advantage over other startups

• Achieving sustainable growth and profitability

What is the full form of SIDBI?

• Small Industries Development Bank of Indonesia

• Small Industry Development Bank of India