NPTEL Entrepreneurship Week 6 Assignment Answers 2023

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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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