1. _______________ actions by an entrepreneur is most likely to contribute to creative destruction. A. Development of a new product 2. The resistance of employees in an organization against flexibility,
growth, and diversification can be overcome by developing_____________. A. Entrepreneurship 3. ______________ shows the process of creating something new. A. Innovation 4.
Which one of the following is an advantage of the small firm in the innovation process? A. Ability of the entrepreneur to carry out multiple tasks 5. The goals should be ____________ for the success of business plan. A.
Generalized 6. _________________ gives suggestions for new product and also help to market new products. A. Existing products and services 7. External links may provide incentives to ______________. A.
Attend business exhibitions 8. LMM stands for: A. Local Marble Market 9. _____________________ is used by entrepreneurs to acquire experience in an international market before making a major commitment. A. Minority interest 10. Firms located on science parks are ____________ as compared to those located off science parks. A. Less innovative 11. ________________ is NOT essential part of the contract. A. Place where contract takes place 12. GATT is established in 1947, under____________. A. German leadership Prof.Fazal Rehman Shamil (Available for Professional Discussions) R4R TeamR4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc! Question No: 1 Which of the following shows the process of creating something new? ► Business model ► Modeling ► Innovation ► Creative flexibility Question No.2 Which one of the following gives suggestions for new product and also help to market new products? ► Existing products and services ► Distribution channels ► Federal government ► Consumers Question No: 3 Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment? ► Merger ► Joint venture ► Minority interest ► Majority interest GATT is established in 1947, under: ► German leadership ► French leadership ► U.S. leadership ► U.K. leadership Question No: 5 The entrepreneur was distinguished from capital provider in: ► Middle ages ► 18th century ► 17th century ► 19th and 20th century Question No: 6 A person who managed large project was termed as the entrepreneur in the _________. ► Earliest period ► Middle ages ► 17th century ► 19th and 20th century Which one of the following is the process of entrepreneurs developing new products that over time?Answer: Creative Destruction is the process referred to in by economist Joseph Schumpeter to the process of entrepreneurs developing new products that over time make current products obsolete.
Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?Minority Interests are used by entrepreneurs to acquire experience in an international market before making a major commitment. Explanation: A minority interest can offer a company with a supply of uncooked substances or a quite captive marketplace for its products.
Which one of the following is an important source of idea generation?Market research is an important source of Idea generation due to familiarity with the needs of the market.
Which of the following is the most important in forcing US companies to focus on new product development and increased productivity?
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