Planned economic system is alternatively called as:

• A) Mixed economic system
• B) Market economic system
• C) Command economic system
• D) Free market system

Generally, the franchising in telecom sector happens under the following franchising arrangement:

• A) Product and trade name franchising
• B) Business format franchising
• C) Piggyback franchising
• D) Area developer

_______________ may be called as the ultimate goal of life for a person.

• A) Empathy
• B) Vision
• C) Being self-starter
• D) Strong work ethics

Problem inventory analysis is a method for obtaining new ideas and solutions by focusing on existing problems.

• A) False
• B) True
• C)
• D)

An entrepreneur has all the qualities of a successful entrepreneur but he does not have confidence for his products that he is to sell in the market. Which of the following characteristics of successful entrepreneur is he primarily lacking?

• A) Strong work ethics
• B) Self-assurance
• C) Open mindedness
• D) Being self-starter

An entrepreneur’s traits of knowledge and inspiration help him in venture development.

• A) False
• B) True
• C)
• D)

Grameen bank issues loan on very low interest rate to poor segments of the society in Bangladesh. This is the best example of:

• A) Social entrepreneurship
• B) Senior entrepreneurship
• C) Serial entrepreneurship
• D) Co-entrepreneurship

Which of the following is NOT the technique of idea generation?

• A) Problem inventory analysis
• B) Market research
• C) Brain storming
• D) Mind mapping

An entrepreneur has all the qualities of a successful entrepreneur but he is not ready to accept the sincere feedback of many customers. Which of the following characteristics of successful entrepreneur was he primarily lacking?

• A) Strong work ethics
• B) Self-assurance
• C) Open mindedness
• D) Being self-starter

A franchisee of McDonalds has to follow the same style of building, SOPs, design and layout, logo etc. This is an example of ________________ type of franchiser control.

• A) Restriction of good / service to be sold
• B) Restriction of sales territory
• C) Approval of site and facility’s appearance
• D) Required operating hours and advertising

Companies practicing the reduced use of plastic are following which of the following trends?

• A) Organic orientation trend
• B) Clean energy trend
• C) Fitness and health trend
• D) Green trend

The information about the competitors’ sourcing is an attribute of the “Need” section of an NABC framework.

• A) True
• B) False
• C)
• D)

Amount of the investment decides the length of a business plan.

• A) True
• B) False
• C)
• D)

The term “Backbone of a business startup” is entitled to a:

• A) Business idea
• B) Business outcome
• C) Business concept
• D) Business plan

Which of the following questions is directly answered in the Need section of an NABC framework?

• A) What technology does the company need to prepare the prototype?
• B) Who are the suppliers of the raw materials involved?
• C) What is the need?
• D) Which are the competing brands in the market?

“General Business Description” section of a business plan pitches the opportunity rationale.

• A) True
• B) False
• C)
• D)

the product value, features, and packaging-related attributes are best discussed in the “Benefits” section of an NABC framework.

• A) False
• B) True
• C)
• D)

The information about the competitors’ sourcing is an attribute of the “Competition” section of an NABC framework.

• A) True
• B) False
• C)
• D)

Which of the following sections of an NABC framework features the decision about the categorization and packaging of the products being offered?

• A) Approach
• B) Need
• C) Competitionq
• D) Benefits

Business plan tells us about the outcome of a business activity.

• A) False
• B) True
• C)
• D)