Tag: organization of commerce and management

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Questions Related to organization of commerce and management

Multiple choice organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

After defining the problem, analyzing the situation, obtaining data specific to the problem the next step in relation to a market assessment is to _________.

  1. data analysis and interpretation

  2. fostering ideas and problem solving

  3. designing a marketing plan

  4. obtaining data specific to the problem
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

After the problem has been defined, situation has been analyzed and data specific to the problem has been obtained, the next step comes as data analysis and interpretation.

The data which has been obtained must be analyzed to verify whether it is accurate for the problem under consideration and interpretations regarding it can be made.

Multiple choice organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

The first step in relation to a market assessment is to _________.

  1. obtaining data specific to the problem

  2. analyzing the situation

  3. data analysis and Interpretation

  4. defining the problem
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Whether it is about a new business or launching a new product,conducting a market assessment is essential to know whether there exists any demand to the idea.

Conducting the market assessment starts with defining the problem.Defining the objectives is defining the problem which is tantamount to a successful marketing campaign.

Multiple choice organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

Which of the following is way of funding social entrepreneurs?
I.   Loan Guarantees
II.  Quasi-equity debt
III. Pooling
Select the correct answer from the option given below -

  1. I

  2. II

  3. III

  4. All
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The innovative methods used in social enterprises to broaden the access of capital includes:-

Loan Guarantee:- It is a type of finance in which one party promises to assume the debt obligation of the borrower if the borrower defaults.
Quasi- equity Debt:- It is a type of financing which posses both the characteristics of debt and equity.
Polling:- It is a type of financing where there is grouping of resources for the purpose of maximum advantage or minimum risk.

Multiple choice organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

Social entrepreneurs play the role of change agents in  the social sector by -

  1. Adopting a mission to create and sustain social value recognizing and relentlessly pursuing new opportunities to serve that mission

  2. Engaging in a process of continuous innovating, adaptation and learning.

  3. Acting boldly without being limited by resources currently in hand

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Social entrepreneurs play the role of change agents in the social sector by Acting boldly without being limited by resources currently in hand, Engaging in a process of continuous innovating,adaptation and learning, adopting a mission to create and sustain social value recognizing and relentlessly pursuing new opportunities serve that mission.

Multiple choice organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

National Skill Development Corporation (NSDC) operates through partnership with  

  1. Private Sector

  2. Central Ministries

  3. State Government

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

National Skill Development Corporation is a non profit organisation set up as a public private  company in order to create and fund vocational training and skill training. It operates through partnership with private sector,state government and central ministries.

Multiple choice organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

Among the following which are to be considered as a type of entrepreneur?
(i) Idealist (ii) Optimisers (iii) Hard workers (iv) Sustainers (v) Improver (vi) Advisor (vii) Superstar (viii) Artiste (ix) Visionary (x) Analyst (xi) Fireball (xii) Jugglers (xiii) Hero (xiv) Healer

  1. (i),(iv), (vi), (ix), (xii), (xiv)

  2. (ii), (iii), (vii), (xi), (xiii)

  3. (v), (viii), (x), (xi), (xii)

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The list provided contains various recognized archetypes or types of entrepreneurs often cited in business literature. Since all listed categories are valid classifications, 'all of the above' is correct.

Multiple choice organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

For the economic and industrial development Micro, Small and Medium Enterprise play an important role such as
(1) They have the capacity to absorb skilled and
unskilled labour available in the country.
(2) Such institution provide lots of employment and  allow income to get concentrated  in few hands        or in few areas.
(3)They help in eradication of poverty by providing  self-employment opportunities.

  1. Only (1)

  2. Only (2)

  3. Only (3)

  4. Only (1) & (3)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

MSMEs are vital for absorbing labor and reducing poverty through self-employment. Statement (2) is incorrect because the goal is to prevent income concentration, not to encourage it.

Multiple choice organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

In an international perspective, which of the following decisions are NOT covered under strategic planning of an Entrepreneur?

  1. What are unique characteristics of each market?

  2. Who should be involved in marketing decisions?

  3. What customer benefits are provided by the product?

  4. What are the company's major strengths and weaknesses?
Reveal answer Fill a bubble to check yourself
A Correct answer