Which one of the following is an important source of idea generation for entrepreneurs due to their familiarity with the needs of market?

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Entrepreneurship Quiz Question with Answer
What are the sources of idea generation in entrepreneurship?
Which of the following is a source of idea generation Mcq?
Which one of the following gives suggestions for new product and also help to market new product?
What is the importance of idea generation in entrepreneurship process?

Entrepreneurship Quiz Question with Answer

21. Which of the following is alternatively called corporate venturing?

Entrepreneurship
Intrapreneurship
Act of stating a new venture
Offering new products by an existing company

22. Which of the following is used by entrepreneurs to acquire experience in an internationalmarket before making a major commitment?

Merger
Minority Interest
Joint venture
Majority interest

23. Which of the following shows the process of creating something new?

Business model
Modeling
Creative flexibility
Innovation

24. Which one of the following gives suggestions for new product and also help to market new products?

Existing products and services
Federal government
Distribution Channels
Consumers

25. Which one of the following is an important source of idea generation due to their familiaritywith the needs of market?

Existing products and services
Distribution channels
Federal government
Consumers

26. Which one of the following is the most important characteristic of a successful businesswebsite?

Innovation
Speed
Graphics
Products

27. Which one of the following is the next stage to the Concept Stage of Product Planning andDevelopment Process?

Idea Stage
Product Planning Stage
Product Development Stage
Test Marketing Stage

28. Which one of the following is the process of entrepreneurs developing new products thatover time make current products obsolete?

New business model
Anatomization
None of the given options
Creative destruction

29. Why should an entrepreneur do a feasibility study for starting a new venture

To identify possible sources of funds
To see if there are possible barriers to success
To estimate the expected sales
To explore potential customers

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

Joint Venture
Majority Interest
Minority Interest
Exporting

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Question No: 1

Which of the following shows the process of creating something new?

► Business model

► Modeling

► Innovation

► Creative flexibility

Question No.2 Which one of the following gives suggestions for new product and also help

to market new products?

► Existing products and services

► Distribution channels

► Federal government

► Consumers

Question No: 3

Which of the following is used by entrepreneurs to acquire experience in an international

market before making a major commitment?

► Merger

► Joint venture

► Minority interest

► Majority interest

GATT is established in 1947, under:

► German leadership

► French leadership

► U.S. leadership

► U.K. leadership

Question No: 5

The entrepreneur was distinguished from capital provider in:

► Middle ages

► 18th century

► 17th century

► 19th and 20th century

Question No: 6

A person who managed large project was termed as the entrepreneur in the _________.

► Earliest period

► Middle ages

► 17th century

► 19th and 20th century

What are the sources of idea generation in entrepreneurship?

Sources of Idea Generation Employees and the research & development department of the company are great internal sources. Whereas, external sources are also very helpful. These are customers, suppliers, competitors, distribution channels, government, educational institutions, and focus groups.

Which of the following is a source of idea generation Mcq?

Explanation: Other options such as consumers, brain storming, training are the sources of idea generation.

Which one of the following gives suggestions for new product and also help to market new product?

The Distribution channels give suggestions for new product and als help to market new products. The distribution channels are chosen for providing ideas for new products because they are more familiar and have more understanding on the market needs.

What is the importance of idea generation in entrepreneurship process?

Idea Generation is important because it enables you to expand your range of ideas beyond your current range of thinking. We believe that you must first expand thinking to include more questions, more variables, and more ideas before you begin the refinement process.