Entrepreneurship MCQ Questions and Answers Quiz

21. Which of the following factors is the most important in forcing U.S companies to focus onnew product development and increased productivity?

  1. Entrepreneurship
  2. Hyper competition
  3. Governmental laws
  4. Organizational culture

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

  1. Entrepreneurship
  2. Intrapreneurship
  3. Act of stating a new venture
  4. Offering new products by an existing company

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

  1. Merger
  2. Minority Interest
  3. Joint venture
  4. Majority interest

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

  1. Business model
  2. Modeling
  3. Creative flexibility
  4. Innovation

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

  1. Existing products and services
  2. Federal government
  3. Distribution Channels
  4. Consumers

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

  1. Existing products and services
  2. Distribution channels
  3. Federal government
  4. Consumers

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

  1. Innovation
  2. Speed
  3. Graphics
  4. Products

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

  1. Idea Stage
  2. Product Planning Stage
  3. Product Development Stage
  4. Test Marketing Stage

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

  1. New business model
  2. Anatomization
  3. None of the given options
  4. Creative destruction

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

  1. To identify possible sources of funds
  2. To see if there are possible barriers to success
  3. To estimate the expected sales
  4. To explore potential customers
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MCQ Multiple Choice Questions and Answers on Entrepreneurship

Entrepreneurship Question and Answer