Which one of the following gives suggestions for new product and also help to market new product?

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Entrepreneurship (MGT602): Solved MCQs of Entrepreneurship (with proper reference and explanation)

Question No: 1 Which of the following shows the process of creating something new? ► Business model ► Modeli...

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Entrepreneurship multiple choice questions and answers

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Characteristics of an Entrepreneur

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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

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Entrepreneurship Management

201. A women entrepreneur is supposed to have a minimum financial interest in share capital of entrepreneur's enterprise:

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• Entrepreneurship Management
• Which of the following gives suggestions for new product and also help to market new products?
• Which one of the following is the process of entrepreneurs developing new products Mcq?
• Which one of the following is the most important characteristic of a successful business website Mcq?
• Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?

1. 35 per cent
2. 51 per cent
3. 25 per cent
4. None of the above

Correct answer: (C)
25 per cent

202. The entrepreneur was distinguished from capital provider in:

1. Middle ages
2. 17th century
3. 18th century
4. 19th and 20th century

Correct answer: (C)
18th century

203. Having more than 50% ownership position that provides the entrepreneur with managerial control is called:

1. Joint venture
2. Majority interest
3. Horizontal merger
4. Diversified activity merger

Correct answer: (B)
Majority interest

204. The activity which occurs when the new venture is started is called:

1. Motivation
2. Business skills
3. Departure point
4. Goal orientation

Correct answer: (C)
Departure point

205. Which one of the following is the most important characteristic of a successful business website?

1. Innovation
2. Speed
3. Graphics
4. Products

Correct answer: (B)
Speed

206. Family business always interested to handover the change of his business to:

1. Indian Administration Officers
2. Professional Managers
3. Next generation
4. None of the above

Correct answer: (C)
Next generation

207. Which one of the following gives suggestions for new product and also help to market new products?

1. Existing products and services
2. Federal government
3. Distribution Channels
4. Consumers

Correct answer: (C)
Distribution Channels

208. Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?

1. New business model
2. Anatomization
3. None of the given options
4. Creative destruction

Correct answer: (D)
Creative destruction

209. Members of distribution channels are excellent sources for new ideas because:

1. They earn a handsome profit from new business
2. They are familiar with the needs of the market
3. They do not bother if entrepreneur bears a loss
4. They have well-developed sales force

Correct answer: (B)
They are familiar with the needs of the market

210. Why should an entrepreneur do a feasibility study for starting a new venture

1. To identify possible sources of funds
2. To see if there are possible barriers to success
3. To estimate the expected sales
4. To explore potential customers

Correct answer: (B)
To see if there are possible barriers to success

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 of the following gives suggestions for new product and also help to market new products?

The Distribution channels give suggestions for new product and als help to market new products. The distribution channels are chosen for providing ideas for new products because they are more familiar and have more understanding on the market needs.

Which one of the following is the process of entrepreneurs developing new products Mcq?

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 one of the following is the most important characteristic of a successful business website Mcq?

Expert-verified answer (a) Innovation is the most important characteristic of a successful business website. A business website will only be useful to a person if it has innovative ideas which help the people and provide better opportunities.

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 the process of entrepreneurs developing new products that over time?

Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?

Which one of the following is an important source of idea generation?

What is entrepreneurship Mcq?