NPTEL Entrepreneurship Week 3 Assignment Answers 2024
1. An integrated model of prototype development requires:
- Sequential design and manufacture
- Diversified design and manufacture
- Concurrent design and manufacture
- Completely inhouse manufacture.
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2. The Minimum Viable Product (MVP) version of a smart watch, beyond its timekeeping function, must be:
- Its colour scheme
- Its strap
- Its dial face
- Its health parameter tracking
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3. 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
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4. Why do start-ups need patenting?
- Protect intellectual property and create monopoly
- Enhance valuation of the start-up
- Reduce the risks of poaching of ideas
- All of the above
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5. Testing accomplishes the following with respect to a product or service:
- Determines the performance against specifications
- Provides a quantitative set of results
- Provides guidance on the likely performance in actual usage conditions
- All of the above
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6. Which of the following is true?
- Testing is based on quantitative specifications
- Validation is based on customer expectations
- Both (a) and (b)
- Neither (a) nor (b)
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7. 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.
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8. 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
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9. 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.
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10. 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
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