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Total questions: 10
Worksheet time: 5mins
Name the process of perceiving the needs and problems of people and society in arriving at creative solutions :
Idea fields
Sensing Entrepreneurial opportunity
Problem identification
Environment scanning
It is the first stage in the process of innovation providing the stimulus for Opportunity discovery and new venture creation. Identify it :
Analytical planning
Idea germination
Creativity
Innovation
It refers to the cost savings that come through economies of scale or increased sales and profits which leads to the overall growth of the firm :
Synergy
Quality added value
Operating synergy
Financial synergy
It is the stage where the entreprenur recognises that an opportunity exists :
Illumination
Idea germination
Incubation
Preparation
The process of generation of ideas can be streamlined by developing an awareness about it and these work as the convenient frames of references . Identify the concept :
Synergy
Value addition
Idea fields
SWOT Analysis
Goods being obtained from the organisation's suppliers and to be used for producing the end product. Identify the concept :
Inbound logistics
Outbound logistics
Operations
Marketing and sales
When acquisition is done through coercive means it is engaging in which type of acquisition?
Friendly
Reverse
Backflip
Hostile
In which form does the opportunity exist in the environment?
Change
Competition
Problems
Innovation
It is a Legal Document which defines the mutual terms and conditions between a franchisor and a franchisee :
Contract explanation
Operations manual
Franchise agreement
Proprietory statements
Vimal company Ltd were earlier producing pencils ,now they have decided to further venture into the field of notebooks and paper. What do you think is the company attempting to do?
Acquisition
Merger
Franchising
Internal expansion
