PART A
(MUTIPLE CHOICE QUESTIONS)
1. The development of
a new venture based on an inventor's work often requires ________.
a) Expertise of an
entrepreneur b) Heavy investment from financers
c) Skilled human resources d) Highly educated staff
2. The idea and
actions that explain how a firm will make its profits refers to………………
a) Mission b) Goal c) Strategy d) Objective
3. Entrepreneurs are
best as ________________
a) Managers b) Venture capitalists c) Planners d) Doers
4. Entrepreneurs and
ventures capitalists:
a) Get along well b) Are the best friends c) Are cordial friends
d) Are in conflict
5. The _______ plan shows whether the business
is economically feasible or not.
a) Financial b) Business c) Economic d)
Marketing
6. Entrepreneurship can
best be described as:
a) A process that
requires setting up a business
b) Taking a significant
risk in a business context
c) Having a strong vision
d) A process involving innovation, new products or services, and value
creation
7. The period of business when an entrepreneur
must position the venture in a market and make necessary
adjustments to assure survival is called the:
a) Pre-startup stage. b) Startup stage. c) Early growth stage. d) Later growth stage.
8. Which of the following
is a reason why a person might prefer to purchase a franchise rather than open
a completely new business?
a) Higher failure rate. b) Increased independence.
c) Ability to benefit
from previous experience. d) Reduced royalty fees.
9. Which of the following
is an internal factor that influences entrepreneurs?
a) Technological
Capacity b) Social environment
c) Political environment d) Economic condition
10. Which one of the
following is the step involved in setting up new enterprises?
a) Creating a business plan b) Making a product choice
c) Selecting the location d) Setting up
infrastructure
PART B
(Answer any 4)
1. Explain the role of creative thinking?
2. What are
the sources of finance?
3. What do you
mean by customer analysis?
4. Explain the
Criteria
for evaluating New- Venture Proposals?
5. What are the Techniques for
generating ideas?
6. What are the Advantages of acquiring
an ongoing Venture?
7.
How will you develop a Marketing Plan? Explain.
8. Define Market Niche and Market Share?
PART C
(Answer any 2)
1. What
do you mean by the Venture Capital Market? Evaluate the Venture Capitalist.
2. Define
Business Plan and what are the Pitfalls to avoid in Business Plan? Explain the
most important Elements of a Business Plan?
3. How will you
develop a Marketing Plan? Explain Sales Analysis and Competition Analysis.
4. Write short
notes of the followings:
a) Patents & Trademarks.
b) Angel Investors.
c) Sales Forecasting.
Saturday, August 13, 2022