1. An entrepreneur who enters the market with a product or service which is based on a similar or improved product that is already existing is called:
BUSINESS ORGANISATION AND ENTREPRENEURSHIP

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Business
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Medium
Abhishek Thomas
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Innovative entrepreneur
Replicative entrepreneur
Opportunity entrepreneur
Necessity entrepreneur
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An entrepreneur who enters the market with a product or service which is based on new technology is called:
Innovative entrepreneur
Replicative entrepreneur
Opportunity entrepreneur
Necessity entrepreneur
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the stage that immediately follows ideation in an entrepreneurial journey?
Prototyping
Testing
Validation
Commercialisation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To achieve customer acceptance, the entrepreneur must:
Identify the problem faced in the marketplace and find a creative solution
Identify the problem faced in financing for the project and raise finance
Identify ideas that qualify for government support and implement them
Identify good talent and build an organisation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A disruptive innovation is a potent combination of:
High technology and Low cost
Creative business model and High technology
Creative business model and low cost
High technology, Low cost and Creative business model
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The skill of generating new ideas is termed as:
Innovation
Invention
Creativity
Entrepreneurship
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An entrepreneur who starts business with the help of natural talents is known as
Motivated entrepreneur
Induced entrepreneur
Spontaneous entrepreneur
Pure entrepreneur
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