[Week 5] NPTEL Entrepreneurship Assignment Answers 2023

Join Our WhatsApp Group Join Now
Join Us On Telegram Join Now

NPTEL Entrepreneurship Assignment Answers 2023:


NPTEL Entrepreneurship Week 5 Assignment Answers 2023

1. India ranking in start-up unicorn system is driven by:

  • Artificial Intelligence
  • Agritech
  • Medtech
  • E-Commerce, Fintech, Supply Chain and Logistics
Answer :-  For Answer Click Here 

2. The new main spaces for disruptive technologies that are prototyped for commercialisation are:

  • Established mature companies
  • Established mature research laboratories
  • Established mature universities
  • Technology-driven new generation start-ups
Answer :-  For Answer Click Here 

3. Personal and robotic medicine that is powered by genetics, robotics and artificial intelligence is reflective of:

  • Third industrial revolution
  • Fourth industrial revolution
  • Fifth industrial revolution
  • None of the above
Answer :-  For Answer Click Here 

4. If a company is consistently high on both innovation intensity and product profitability, such a company may be called:

  • Outstanding
  • Tactically Outstanding
  • Strategically Outstanding
  • Operationally outstanding
Answer :-  For Answer Click Here 

5. The pace of technology development in modern times is characterised as:

  • Linear
  • Progressive
  • Non-linear
  • Progressive
Answer :-  For Answer Click Here 

6. Just as chips revolutionised computing in the past (and will continue to), in future one of the following will revolutionise a whole spectrum of industries.

  • Radars
  • Lidars
  • Motors
  • Smart Sensors
Answer :-  For Answer Click Here 

7. One of the ultimate challenges that a start-up can tackle is:

  • Customised product design
  • Providing high quality at low costs
  • Creating disruptive technologies
  • All of the above
Answer :-  For Answer Click Here 

8. Within the five technology forces, the power of operating systems is illustrated strikingly by the:

  • Mobile phone industry
  • Renewable energy industry
  • Textile industry
  • Mining industry
Answer :-  For Answer Click Here 

9. If Radio was a commoditized product, it was brought out in a contemporary format as Caravan branded product by the following:

  • Contemporary redesigning
  • New value-adding functions
  • Retro-futurism
  • All of the above
Answer :-  For Answer Click Here 

10. Digitisation provides the following advantages:

  • Big data and analytics
  • Precision and customisation
  • 24X7 operation
  • All of the above
Answer :- For Answer Click Here 
Course NameEntrepreneurship Assignment Answers
CategoryNPTEL Assignment Answer
Home Click Here
Join Us on TelegramClick Here

NPTEL Entrepreneurship Week 3 Assignment Answers 2023

Q1. For an ideation workshop to be effective, the following is not advised as a requirement:

  •  Participants
  •  Understanding of the ideation methodology
  •  Analytics
  •  A pre-decided problem definition and problem solution.

Q2. The immediate next phase after a successful ideation phase is:

  •  Pilot marketing phase
  •  Validation phase
  •  Testing phase
  •  Prototyping phase.

Q3. Which of the following is not an essential requirement for prototyping of a product?

  •  Components
  •  Test facilities
  •  Assembly facilities
  •  Computer coding.

Q4. What is a holistic value proposition by a start-up?

  •  The operating life of a product
  •  The real and unreal advertising message from the start-up
  •  The short-term price advantage
  •  The set of gains and benefits from the product for the customer, both in the short-term and long-term

Q5. For the performance testing of a prototype to happen, which of the following is not required as much as the others?

  •  Product specifications
  •  Testing methods
  •  Testing equipment
  •  External look and feel of the product.

Q6. Which of the following is a variable experience product?

  •  Smart phone
  •  Viewing movies from a movie library
  •  Drinking water from a purifier
  •  A luxury fashion accessory

Q7. The Minimum Viable Product (MVP) version of a smart watch in healthcare, beyond its timekeeping function, must be:

  •  Its colour scheme
  •  Its strap
  •  Its dial face
  •  Its health parameter tracking

Q8. Field testing of a product should be based on:

  •  Repeat of lab testing
  •  Simulated operating conditions
  •  Destruction testing
  •  Lifelong testing

Q9. For a post-testing validation exercise, which is a techno-marketing exercise, it is useful to have an evaluator panel that has:

  •  Only internal experts
  •  Only external experts
  •  A mix of internal and external experts
  •  Only the CEO and CXOs

Q10. One of the components of an ideation workshop is:

  •  Clustering of ideas based on common threads
  •  Creation of prototypes
  •  Testing of prototypes
  •  None of the above

NPTEL Entrepreneurship Week 2 Assignment Answers 2023

1. The value chain of a start-up firm tends to get built in reality based on:

  • Aspirations that the firm would like to have
  • Competencies that the firm builds
  • Emotions that bind the founders
  • The perceptions of investors
Answer:- Competencies that the firm builds

2. Holistic prototype development requires:

  • A clear understanding of the problem that is being solved
  • A creative solution to address the problem
  • Design and manufacturing capability
  • All of the above
Answer:- All of the above

Explanation: Holistic prototype development involves considering various aspects of the product development process, including a clear understanding of the problem being solved, a creative solution to address that problem, and the design and manufacturing capabilities to bring the solution to life. All of these elements are crucial for successful prototype development that takes into account not only the technical aspects but also the market needs and feasibility of production.

3. BDC entrepreneurial potential self-assessment considers:

  • Only motivations
  • Only aptitudes
  • Only Attitudes
  • All the above three
Answer:- All the above three

Explanation: The BDC (Business Development Bank of Canada) entrepreneurial potential self-assessment considers motivations, aptitudes, and attitudes. These three factors collectively help to assess an individual's potential for entrepreneurship. Motivations refer to the reasons and desires that drive someone to become an entrepreneur. Aptitudes encompass the skills, knowledge, and capabilities that an individual possesses and that are relevant to entrepreneurship. Attitudes include the mindset, outlook, and personality traits that can influence an individual's ability to succeed as an entrepreneur. Considering all three of these factors provides a more comprehensive understanding of an individual's suitability for entrepreneurship.

4. In MBTI personality typology, every participating person is assessed on:

  • 16 opposing pairs of personality traits
  • 4 opposing pairs of personality traits
  • 2 opposing pairs of personality traits
  • 8 opposing pairs of personality traits
Answer:- 4 opposing pairs of personality traits

5. The success of many start-ups such as RedBus, Swiggy, Airbnb, Uber and ‘make my trip’ was based on:

  • Treating demand and supply separately
  • Focussing only on demand
  • Focussing only on supply
  • Aggregating and linking demand and supply digitally
Answer:- Aggregating and linking demand and supply digitally

Explanation: The success of many start-ups like RedBus, Swiggy, Airbnb, Uber, and MakeMyTrip was based on aggregating and linking demand and supply digitally. These platforms created digital marketplaces that connect consumers (demand) with service providers or suppliers (supply) in an efficient and user-friendly way. This digital aggregation allows for smoother, on-demand access to products and services, making it convenient for consumers and providers alike.

6. What would turn out to be the risks of prototype development?

  • Improper identification of the problem
  • A solution misaligned to the problem
  • Dependence on obsolete technologies and components
  • Any or all of the above
Answer:- Any or all of the above

7. Paperboat is an Indian startup that succeeded with a thematic grid that combined:

  • Ethnic Indian beverages with Ethnic Indian packaging
  • Global beverages with Ethnic Indian packaging
  • Ethnic Indian beverages with Contemporary modern packaging
  • Global beverages with Global packaging
Answer:- Ethnic Indian beverages with Ethnic Indian packaging

8. The fundamental and the first step of design thinking is:

  • Designing a product or service
  • Empathising with the customer
  • Prototyping
  • Coming up with a solution independent of customer
Answer:- Empathising with the customer

9. A true design thinking and ideation exercise involves:

  • Accepting the status quo
  • Questioning the basics
  • Relying on experts
  • None of the above
Answer:- Questioning the basics

Explanation: A true design thinking and ideation exercise involves questioning the basics. Design thinking encourages a fresh and open-minded approach to problem-solving. This often means challenging assumptions, questioning the status quo, and reevaluating existing concepts. By questioning the basics, design thinkers can uncover new insights and opportunities that might not be apparent through conventional thinking. This approach helps to foster creative solutions that address the root causes of problems and generate innovative ideas.

10. For any start-up idea to fully succeed the following must be fulfilled:

  • Desirability for the customer
  • Feasibility for the company
  • Viability for the customer and the company
  • All of the above
Answer:- All of the above

NPTEL Entrepreneurship Week 1 Assignment Answers 2023

1. Which of the following is an example of industrial transformation?

  • High-speed rail
  • Electric vehicles
  • Lead-free fuel
  • None of the above
Answer :- Electric vehicles

2. An entrepreneur who revels in creating new businesses continuously may be called:

  • Creator of serial entrepreneurial ventures
  • Destroyer of existing businesses
  • Continuous investor
  • None of the above
Answer :- Creator of serial entrepreneurial ventures

An entrepreneur who enjoys creating new businesses continuously and starts multiple ventures over time is often referred to as a "Creator of serial entrepreneurial ventures." This term highlights their penchant for consistently initiating and developing new business ideas and ventures, even after the success or failure of previous ventures. These entrepreneurs thrive on the process of entrepreneurship itself and have a passion for building and growing new businesses.

3. Which of the following industries has seen mortality of start-ups or entrepreneurial firms over the last two decades?

  • Telecommunications
  • Aviation
  • Both (a) and (b)
  • Neither (a) nor (b)
Answer :- Both (a) and (b)

Both the telecommunications and aviation industries have seen mortality (failure or closure) of start-ups or entrepreneurial firms over the last two decades. These industries are known for their high levels of competition, regulatory challenges, and substantial capital requirements, which can make it difficult for start-ups and new entrepreneurial ventures to survive and thrive. Many new businesses in these sectors face significant hurdles and often struggle to sustain their operations, leading to a relatively high mortality rate for start-ups and entrepreneurial firms.

4. A start-up typically starts with:

  • Putting a product in the market
  • Discovering a problem and defining a solution
  • Changing a business model
  • None of the above
Answer :- Discovering a problem and defining a solution.

5. Having a co-founding team provides the advantages of:

  • Complementary skills
  • Shared responsibilities
  • Potential leadership transitions
  • All of the above
Answer :- All of the above

Having a co-founding team provides several advantages, which include:

Complementary skills: Each co-founder typically brings different skills, experiences, and expertise to the table. This diversity of skills allows the team to cover a broader range of tasks and responsibilities, making the start-up more well-rounded and capable of handling various challenges effectively.

Shared responsibilities: With multiple co-founders, the responsibilities and workload can be shared among team members. This can lead to increased efficiency and a more balanced distribution of tasks, preventing burnout and improving overall productivity.

Potential leadership transitions: In the long run, having a co-founding team can provide a smoother transition of leadership within the company. If one co-founder decides to step back or leave the venture for any reason, there are still other co-founders who can take on leadership roles and maintain continuity.

6. Entrepreneurship is common with start-up in terms of:

  • Starting with meagre resources
  • Taking risks
  • Neither (a) nor (b)
  • Both (a) and (b)
Answer :- Both (a) and (b)

7. Entrepreneurial firms seek to:

  • Create new products and/or markets
  • Create market wealth
  • Disrupt existing businesses
  • Any or all of the above
Answer :- Any or all of the above.

Entrepreneurial firms may seek to achieve a variety of goals, which can include:

Create new products and/or markets: Many entrepreneurial ventures aim to develop innovative products or services that address unmet needs in the market or introduce entirely new solutions. These firms seek to bring something novel and valuable to consumers, often with the potential to create a new market or disrupt existing ones.

Create market wealth: Entrepreneurial firms aspire to create value for their customers and shareholders, resulting in financial success and market wealth. By offering products or services that are highly valued by customers, these firms can generate revenue and profits, leading to the creation of market wealth.

Disrupt existing businesses: Some entrepreneurial firms pursue disruptive strategies by challenging and transforming traditional industries or business models. They may introduce innovations that fundamentally change the competitive landscape and force established companies to adapt or risk becoming obsolete.

8. An entrepreneur who enters the market to create a firm, leaving formal employment is called:

  • Innovative entrepreneur
  • Replicative entrepreneur
  • Opportunity entrepreneur
  • Necessity entrepreneur
Answer :- Opportunity entrepreneur

An opportunity entrepreneur is someone who identifies a business opportunity, typically based on market needs, gaps, or untapped areas, and decides to start their own venture to capitalize on that opportunity. This type of entrepreneur is driven by the desire to seize a market opportunity and create a business around it, often with the intention of fulfilling a need or solving a problem in a unique and innovative way. Unlike necessity entrepreneurs, who start businesses out of necessity (e.g., lack of employment options), opportunity entrepreneurs are motivated by the potential for growth and success in the identified market opportunity.

9. As per the MSME classification of Government of India, a product firm with an investment less than or equal to Rs 25 lakhs in plant and machinery is called

  • Micro enterprise
  • Small enterprise
  • Medium enterprise
  • Nano enterprise
Answer :- Micro enterprise

The MSME classification in India is based on the investment in plant and machinery for manufacturing enterprises and the investment in equipment for service enterprises. As of the revised definition from July 1, 2020, the criteria for classification are as follows:

Micro enterprise: Investment in plant and machinery or equipment does not exceed Rs 1 crore and turnover does not exceed Rs 5 crores.

Small enterprise: Investment in plant and machinery or equipment is more than Rs 1 crore but does not exceed Rs 10 crores, and turnover does not exceed Rs 50 crores.

Medium enterprise: Investment in plant and machinery or equipment is more than Rs 10 crores but does not exceed Rs 50 crores, and turnover does not exceed Rs 250 crores.

10. An infrastructure that helps entrepreneurs in their early stage of the startup life cycle with plug and play facilities and other common services is called:

  • Incubator
  • Accelerator
  • Angel investment platform
  • Venture capital platform
Answer :- Incubator

Share This Article