Entrepreneurship Development (EDP) - Important Multiple Choice Question

1. process of creating something new is called?

Ans- Innovation

2. what suggests for new product and also help to market new products?

Ans- Distribution Channels

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3. What is used by entrepreneurs to acquire experience in an international market before making a major commitment?

Ans- Minority Interest

4. GATT is established in 1947, under which leadership-

Ans- U.S. leadership

5. In which entrepreneur was distinguished from capital provider-

Ans- 18th century

5. The process by which individuals pursue opportunities without regard to resources they currently control?

Ans- Entrepreneurship

6. Having less than 50 percent of equity share in an international venture is called-

Ans- Minority interest

7. entrepreneur with managerial control who is Having more than 50% ownership position called:

Ans- Majority interest

8. The process through which entrepreneurs develop new products that over time make present products obsolete is called?

Ans- Creative destruction

9. The factors, most important in forcing U.S companies to focus on new product development and increased productivity is?

Ans- Hyper competition

10. What does the corporate venturing is alternatively called?

b) Intrapreneurship

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