Question No: 1 ( Marks: 1 ) - Please choose oneThere is an evidence that an entrepreneur usually has _______________ parents.
Discouraged Non supportiveStrictQuestion No: 2 ( Marks: 1 ) - Please choose oneFollowing are the problems in developing the economies EXCEPT:Gap of knowledgeVariable rate of return
Same communication style
Different accounting systemQuestion No: 3 ( Marks: 1 ) - Please choose oneWhich of the following techniques is an excellent method for initial screening of ideasand concepts?Focus group
Problem inventory analysis
(Doubtful) page 35
Brain stormingReverse brainstormingQuestion No: 4 ( Marks: 1 ) - Please choose oneWhich one of the following is the next stage to the Concept Stage of Product Planningand Development Process?Idea StageProduct Planning Stage
Product Development Stage
Test Marketing StageQuestion No: 5 ( Marks: 1 ) - Please choose oneWhich of the following is a more structured method of problem solving, including principles and rules for concept formation, making observations and experiments, andfinally validating the hypothesis?
HeuristicsAttribute listingValue analysisQuestion No: 6 ( Marks: 1 ) - Please choose oneWhich of the following is used by entrepreneurs to acquire experience in an internationalmarket before making a major commitment?Merger Joint venture
Majority interestQuestion No: 7 ( Marks: 1 ) - Please choose oneWhich of the following plan shows the economically feasibility of business?