Entrepreneurship Development (EDP) - Important Multiple Choice Question

11. The individuals one who influences an entrepreneur’s career choice and style is known as?

Ans- Role model

12. The activity which occurs when a new venture starts -

Ans - Departure point

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13. Name the level at which an individual is viewed by society -

Ans- Social status

14. Name the important source of idea generated due to their familiarity with the market needs?

Ans - Distribution channels

15. Members of distribution channels are taken to be excellent sources for new ideas because:

Ans- They are familiar with the current market need

16. what is the most important characteristic of a successful business website?

Ans- Graphics

17. The next stage to the Concept of Product Planning and development Process is?

Ans- Product Development Stage

18. SBA stands for:

Ans- Small business administration

19. Why it is important to an entrepreneur to do a feasibility study before starting a new venture

Ans- To see if there are any possible barriers to success

20. Find the odd one out.
Statement – “Information regarding all of the following is related to operations, which one does not belong to this group”

a) Location

b) Promotion

c) Raw materials

d) Labor skills

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