Technopreneurship FInal Exam

What is the purpose of intellectual property rights in technopreneurship?

• 12. To restrict creativity

• To provide legal protection for inventions

• 12. To increase taxation

• To discourage innovation
  
  

What advantage does filing for intellectual property rights provide?

• Reduces market competition

• 12. Increases bureaucratic processes

• 12. Provides exclusive rights and potential for investment

• Complicates business operations
  

In intellectual property, what does a patent protect?

• Business secrets only

• Inventions and innovations

• Marketing strategies

• Marketing strategies

Which is NOT an outcome of intellectual property registration?

• Gaining a competitive edge

• 12. Enforceable legal rights

• Immediate profit increase

• Potential for higher returns
  
  

Which statement best reflects the principle of 'empathize' in design thinking?

• Ignore user feedback and focus on technical specs

• Understand the user's needs and experiences

• Prioritize profitability over user experience

• Focus solely on aesthetics

In the New Venture Creation Management, what is the first stage?

• Product launch

• Idea/Discovery

• Post-launch review

• Marketing plan

Which activity is a key part of the design thinking process?

• Avoiding feedback

• Creating a customer empathy map

• Focusing on financial gains

• Ignoring customer interactions

A successful business incubation should primarily focus on:

• Keeping strategies secret

• Avoiding any risks

• Benchmarking issues and best practices

• Focusing solely on profit

What role does a risk assessment play in technopreneurial initiatives?

• It is a formality without real benefit

• It identifies potential challenges and areas for improvement

• It should be avoided as it discourages innovation

• It is used to penalize team members

Which stage in the technopreneurial process involves evaluating the idea's market potential?

• Idea/Discovery

• Business Analysis

• Development Testing & Validation

• Launch