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HOCUS FOCUS

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Name the process of perceiving the needs and problems of people and society in arriving at creative solutions :

a)

Idea fields

b)

Sensing Entrepreneurial opportunity

c)

Problem identification

d)

Environment scanning

2.

It is the first stage in the process of innovation providing the stimulus for Opportunity discovery and new venture creation. Identify it :

a)

Analytical planning

b)

Idea germination

c)

Creativity

d)

Innovation

3.

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 :

a)

Synergy

b)

Quality added value

c)

Operating synergy

d)

Financial synergy

4.

It is the stage where the entreprenur recognises that an opportunity exists :

a)

Illumination

b)

Idea germination

c)

Incubation

d)

Preparation

5.

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 :

a)

Synergy

b)

Value addition

c)

Idea fields

d)

SWOT Analysis

6.

Goods being obtained from the organisation's suppliers and to be used for producing the end product. Identify the concept :

a)

Inbound logistics

b)

Outbound logistics

c)

Operations

d)

Marketing and sales

7.

When acquisition is done through coercive means it is engaging in which type of acquisition?

a)

Friendly

b)

Reverse

c)

Backflip

d)

Hostile

8.

In which form does the opportunity exist in the environment?

a)

Change

b)

Competition

c)

Problems

d)

Innovation

9.

It is a Legal Document which defines the mutual terms and conditions between a franchisor and a franchisee :

a)

Contract explanation

b)

Operations manual

c)

Franchise agreement

d)

Proprietory statements

10.

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?

a)

Acquisition

b)

Merger

c)

Franchising

d)

Internal expansion