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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