Entrepreneurial Edge

A manager typically focuses on:

• Expanding a startup from scratch

• Managing resources and maintaining existing processes

• Taking significant personal risks for profit

• Creating new business models

Which type of entrepreneurship encourages employees to act like entrepreneurs within a larger company?

• Women entrepreneurship

• Intrapreneurship

• 5. Family entrepreneurship

• 5. Young entrepreneurship

7. How do entrepreneurs contribute to a country’s economic development?

• 7. By reducing competition in the market

• 7. By creating job opportunities and fostering innovation

• 7. By minimizing investment in new technologies

• By monopolizing markets and driving out smaller competitors

One of the major challenges entrepreneurs face is:

• 12. Excessive funding opportunities

• 12. Difficulty in accessing finance and resources

• 12. Lack of customers for established businesses

• 12. Low demand for new innovations

9. What is the primary function of an entrepreneurial ecosystem?

• 9. To restrict the entry of new businesses into the market

• 9. To create a network of support that fosters entrepreneurship and innovation

• To provide free resources to all entrepreneurs

• To prevent startups from failing

1. What is the primary benefit of using creative problem-solving in generating business ideas?

• 1. It guarantees success in every venture

• 1. It helps to avoid financial risk

• 1. It fosters innovative solutions that address real customer pain points

• 1. It simplifies the process of copying competitors

1. Which of the following is considered an internal source of business idea generation?

• 1. Customer feedback

• 1. Personal skills and hobbies

• 1. Government policies

• 1. Economic trends

7. To comply with taxation in India, a small business must:

• 7. Avoid paying taxes for the first three years

• 7. Ignore tax registration if the business is small

• 7. Focus only on income tax filings

• 7. Register for GST (Goods and Services Tax)

9. Which phase of the design thinking process emphasizes understanding the user's needs?

• 9. Ideate

• 9. Empathize

• 9. Prototype

• 9. Test

The problem-solution fit is achieved when:

• A product or service meets the exact needs of a specific market segment

• 12. The entrepreneur invests heavily in marketing

• 12. A product is launched without any consumer feedback

• 12. Customers adapt to the product over time