E-Cell Induction Round 1

E-Cell Induction Round 1

21 Qs

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E-Cell Induction Round 1

E-Cell Induction Round 1

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Vipul Jhajharia

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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a ‘blue ocean’ strategy in business?

Creating a new market space
Competing in an existing market
Reducing prices to attract customers
Expanding a current product line

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does MVP stand for in a startup context?

Most Valuable Product
Maximum Venture Potential
Market Value Proposition
Minimum Viable Product

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the concept of a 'pivot' in startups?

Scaling the current product globally
Acquiring competitors
Changing the core business model
Hiring more employees

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term 'bootstrapping' refer to in entrepreneurship?

Raising money through venture capital
Collaborating with other startups
Starting with minimal market research
Self-funding the business without external help

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your startup is facing fierce competition from an established player. What would be the smartest move?

Focus on niche customers with unique needs
Lower your prices drastically
Expand aggressively in multiple cities
File a lawsuit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a 'freemium' business model?

Amazon offering discounts during sales
Zomato providing restaurant reviews
Paytm cashback offers
YouTube offering ad-free premium memberships

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'seed funding' refer to?

Funding for scaling up a mature company
Initial funding to launch a startup
Funds raised from public offerings
Revenue generated after launch

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