NPTEL Entrepreneurship Week 6 Assignment Answers 2023

NPTEL Entrepreneurship Week 6 Assignment Answers 2023

1. When a start-up has high innovation and high perfection in its products and processes, it would be able to develop:

• Highly delayed products
• Interesting products
• Uninteresting products
• Blockbuster products

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2. Innovation and perfection are:

• Only for large companies
• Iterative and have no boundaries
• Become halted at some point of time
• Counter to each other

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3. Which industry in India has several hundreds of brands for the same generic product?

• Cycle industry
• Automobile industry
• Pharmaceutical industry
• None of the above

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4. Which of the following statements is relatively true?

• Design is only an integrator of different functionalities into one product
• Design is only a tool to promote different products with different functionalities
• Design can integrate as well as differentiate functionalities in one or more products
• None of the above

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5. Which of the following statements is true because of automobile electrification and autonomous driving?

• There would be opportunities for several technology led startups in the new generation components
• Automobile electrification and autonomy are hyped up and offer little opportunity to start-ups
• New generation components can be easily done in the facilities of existing auto component makers
• All of the above

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6. Which of the following is not a business model but is a business strategy?

• Consigning
• Diversification
• Leasing
• Cash on delivery

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7 . In the automobile industry, business definition is now expressed in the broadest sense as:

• Manufacture of specific automobiles, for eg., cars
• Specific activity, for eg., road transportation
• Generic customer need, for eg., mobility
• None of the above

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8. Which of the following is not a methodology that supports business strategy development?

• SWOT Analysis
• PERT/CPM
• Five Forces Model
• PESTEL Analysis

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9. ERP (for example, the one offered by SAP) is expanded as:

• Entrepreneurship Resource Planning
• Entrepreneurship Record Planning
• Enterprise Record Planning
• Enterprise Resource Planning

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10. Start-ups’ business strategy is more aligned to:

• Red ocean strategy
• Clear sky strategy
• Blue ocean strategy
• On ground strategy

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