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)

Business plan and business idea are different to each other.

• A) False
• B) True
• C)
• D)

Product value and packaging-related attributes are best discussed in the “Need” section of an NABC framework.

• A) True
• B) False
• C)
• D)

Potential employee is a beneficiary to a business plan document.

• A) True
• B) False
• C)
• D)

Business plan precedes a business idea.

• A) True
• B) False
• C)
• D)

Which of the following is an internal beneficiary of a business plan document?

• A) Potential customers
• B) Potential investors
• C) Potential employees
• D) Potential suppliers