Question

1 point
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
1 point
A working model of the start-up product is confirmed as meeting the specifications typically in the:

Ideation stage


Prototyping stage


Testing stage


Marketing phase
1 point
Significant value destruction by entrepreneurial ventures, including bankruptcies, happened in the following industry in India:

Automobile industry


Corporate hospital industry


Banking industry


Airlines industry
1 point
The planned pathway to convert a vision into reality is called:

Strategy


Stage-gating


Tactics


Financing
1 point
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
1 point
For start-up success, the following must be a core competence:

Innovation and Creativity


Managing Government relations


Managing public relations


Managing banks
1 point
What is the stage that immediately follows ideation in an entrepreneurial journey?

Prototyping


Testing


Validation


Commercialisation
1 point
Choose the comprehensive answer for this question: Digital reinvention of customer service processes is exemplified by:

Amazon


Swiggy


Shadi.com


All of the above
1 point
Bitcoin is an example of:

Coin minting technology


Blockchain technology


Replacing currency notes by coins


None of the above
1 point
An infrastructure that helps entrepreneurs in their early stage of the start-up life cycle with plug and play facilities and other common services is called:

Incubator


Accelerator


Angel investment platform


Venture capital platform

Answer 1

Answer:

1. Innovative entrepreneur

2. Testing stage

3. Banking industry

4. Stage gating

5. Identify the problems faced in the market place and find a creative solution.

6. Innovation and creativity

7. Testing

8. All of the above

9. Block chain technology

10. Incubator

Answer 2

1. Innovative entrepreneur - It brings a sense of innovating or urge of creating something new in the market. If the product or service is something new then there are high chances of success.

2. Testing stage-  It is the first stage where a prototype is tested so that in the future they can make necessary changes, and analyses to avoid trial and error in the future.

3. Banking industry-   As banks provide loans to various businessmen if the

entrepreneurial ventures fail to repay the loan it can lead to bankruptcy.

4. Stage gating- It is a conversion of a vision or an idea into reality.

5. Identify the problem faced in financing for the project and raise finance - The purpose of financing is to identify the problem and analyze the solution.

6.Innovation and Creativity- An entrepreneur must be creative and innovative to create new ideas, this is the most important talent of an entrepreneur.

7. Testing -  the stage that immediately follows ideation in an entrepreneurial journey

8. All of the above- everyone uses the digital reinvention of customer service processes.

9. Blockchain technology- example of bitcoin.

10. Incubator - early stage of the start-up life cycle with plug and play facilities and other common services.