Tuesday, 5 November 2013

BA9264 Entrepreneurship development two mark questions

1. Who is an entrepreneur?

A person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.
                                                                 (OR)
An individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes. 
                                                               (OR)
They are the people who have the skills and initiative necessary to take good new ideas to market and make the right decisions to make the idea profitable. The reward for the risks taken is the potential economic profits the entrepreneur could earn.  
2. What is meant by prefeasibility study?
 In large (and usually joint venture or multinational) projects, a preliminary study undertaken to determine if it would be worthwhile to proceed to the feasibility study stage. A prefeasibility study is at a lower confidence level than a feasibility study.  This is an opportunity for you to understand the issues of business development.
3. Write short notes on project plan?
A project plan, according to the Project Management Body of Knowledge, is: "...a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A project plan may be summarized or detailed."  
IT is a statement of how and when a project's objectives are to be achieved, by showing the major products, milestones, activities and resources required on the project. 
4. What is product launching?
 Product launch means introducing a new product into the
market. In other words it is adding a new product in the existing product line of
the company
5. What is channel selection for a small business ?
Small businesses need to find a way to serve their customers, wherever they are located. That's why selecting a distribution channel is an important aspect of building a competitive advantage for businesses of every size. Distribution channels include your own direct sales force, retailers, distributors and the Internet. The right distribution channel ensures that customers in different locations around the country, or around the world, can buy your products and get the right level of service from your company. To select the right distribution channel for your business, you need to consider what a channel can offer, including location and reach, skills and resources, management costs and degree of control.
A Product Launch is a marketing strategy consisting of a carefully planned and scheduled sequence of events with the goal to make a big happening out of the release and, of course, make as much sales as possible in a short time span. - See more at: http://thebusinesssuccessfactory.com/what-is-a-product-launch-why-do-you-need-one/#sthash.fkhN50RI.dpuf
A Product Launch is a marketing strategy consisting of a carefully planned and scheduled sequence of events with the goal to make a big happening out of the release and, of course, make as much sales as possible in a short time span. - See more at: http://thebusinesssuccessfactory.com/what-is-a-product-launch-why-do-you-need-one/#sthash.fkhN50RI.dpuf
A Product Launch is a marketing strategy consisting of a carefully planned and scheduled sequence of events with the goal to make a big happening out of the release and, of course, make as much sales as possible in a short time span. - See more at: http://thebusinesssuccessfactory.com/what-is-a-product-launch-why-do-you-need-one/#sthash.fkhN50RI.dpuf
6. How to prevent  sickness in business?

a) Enforce financial discipline
b) Monitor changes in market share and maintain it
c) Discontinue unprofitable product line
d) Identify areas of inefficiency and improve it
7. What are the characteristics of small business?
a) Entrepreneurial spirit 
b) Limited management skills
c) Have limited funding 
d) Trade within competitive markets 
e)Low cost per job created
f) High failure rate
8.  What are the characteristics of an Entrepreneur?

- Organiser
-Innovative
- Change agent
- Risk taker
- Opportunitist
- Problem solver
- High Achiever

9.  Define entrepreneurship ?


The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses.
                                                          (OR)
The state, quality, or condition of being an entrepreneur, an organizer or promoter of business ventures.
 10. Give examples of any two industrial policies operating currently in your state
by the state government.


"Industrial Cluster Export Promotion Committee" would be established for each major
export cluster in the State under Chairmanship of a State Level Officer to address various administrative, procedural or infrastructure issues faced by exporters, settle local problems and forward larger policy and macro issues to SLEPC for decisions.
 Public Private Partnerships (PPP)
Public-Private Partnership route to bring in greater flow of investments into industrial
infrastructure is being used by TIDCO to bring in private investment in road, industrial park and SEZ development. SIPCOT will also use this model for water supply projects and development of other infrastructure.

SOME INDUSTRIAL POLICIES IN TAMILNADU


A Product Launch is a marketing strategy consisting of a carefully planned and scheduled sequence of events with the goal to make a big happening out of the release and, of course, make as much sales as possible in a short time span. - See more at: http://thebusinesssuccessfactory.com/what-is-a-product-launch-why-do-you-need-one/#sthash.fkhN50RI.dpuf
 

1 comment:

  1. The list goes on and I'm sure you've either heard or said any number of these idioms over the years. go here

    ReplyDelete