GM13 Online Exam Assignment AIMA 2020

Subject Code: GM13

Subject Name: ENTREPRENEURIAL MANAGEMENT

Component name: TERM END   

Question 1:- Which of the following factors does not affect a person for being an entrepreneur?          

1. a) Family background                       
2. b) Education
3. c) Personal values
4. d) Gender

Question 2:- Naryana Murthy(Infosys) is what type of Entrepreneur?      

1. a) Founder              
2. b) Pure Entrepreneur
3. c) Technical Entrepreneur
4. d) Second Generation Entrepreneur

Question 3:- “High potential venture” :  

1. a) Has the same growth potential as a life style firm
2. b) Starts out like a life style firm
3. c) Draws the interest of private investors only
4. d) None of the above

Question 4:- The most sensitive plan in the business plan is         

1. a) Operational Plan
2. b) Marketing Plan
3. c) Financial Plan
4. d) Production Plan

Question 5:- An entrepreneur who runs a business, sells it and moves onto another venture in a relatively short time is called           

1. a) a failed entrepreneur
2. b) a serial entrepreneur
3. c) a multiple entrepreneur
4. d) Modern Entrepreneur

Question 6:- Entrepreneurs take financial, _________, and ____________ risks.    

1. a) psychological, social
2. b) psychological, environmental
3. c) social, environmental                  
4. d) None of the above

Question 7:- Which of the following is usually included in a business plan?             

1. a) detailed description of the product or service
2. b) marketing and promotional plans
3. c) management and staffing
4. d) All of the given

Question 8:- The best way to buy a business is _______ 

1. a) acquisition of shares
2. b) acquisition of assets
3. c) acquisition of product
4. d) None of the above

Question 9:- Minimum number of director in private limited company    

1. a) 2
2. b) 3   
3. c) 4
4. d) 5

Question 10:- A market survey is important because it tells you:

1. a) How many & what types of people are shopping at a store
2. b) Tells you what the customer will buy
3. c) Tells you how much the customer will pay for the product.
4. d) All of the given options

Question 11:- The four factor of production are………….. 

1. a) Land, Labor, Capital, Entrepreneurship
2. b) Land, Labor, Reforms, Capital
3. c) Land, Labor, People, Entrepreneurship
4. d) None of the given

Question 12:- Which type of Job analysis enlists the qualification of individual?             

1. a) Job Description
2. b) Job Specification
3. c) Job identification
4. d) All of the given options

Question 13:- The difference between the value of a country’s imports and exports over time is called          

1. a) Deficit exports
2. b) Deficit imports
3. c) Balance of Payment
4. d) Balance of Debt          

Question 14:- Combination of at least two firms at different market levels is called:  

1. a) Joint Venture
2. b) Synergy
3. c) horizontal merger
4. d) Vertical Merger               

Question 15:- Which of the following is the backbone of financial plan?  

1. a) Budgeting
2. b) Capital
3. c) Nature of business
4. d) All of the given options            

Question 16:- Corporate entrepreneurship is sum total of _____

1. a) company`s innovation, venturing and renewal efforts
2. b) innovation, creativity and land
3. c) capital, creativity, collaboration, and commitment
4. d) none of the given

Question 17:- What is a target market? 

1. a) A group of customers a venture reaches by accident
2. b) All consumers who purchase the venture’s product
3. c) A specific group of potential customers toward which a venture aims its marketing plan
4. d) A chain of discount stores

Question 18:- Venture Capital is concerned with

1. a) New Project having potential for higher profit
2. b) New Project of high technology
3. c) New Project having high risk
4. d) all of the given

Question 19:- _______________ provide equity capital to high risk ventures which face shortage of financing             

1. a) Banks
2. b) Venture Capitalists
3. c) Small Finance Lenders
4. d) None of the above                       

Question 20:- E-entrepreneur is also can be called as      

1. a) Classical Entrepreneur
2. b) Industrial Entrepreneur
3. c) Internet Entrepreneur
4. d) None of the above

Case Study

Retail entrepreneurship development in India: A case study of big bazaar The Indian retail industry has strong linkages with the economic growth and development of the economy. India is one of the largest emerging markets. It is one of the largest economics in the world in terms of purchasing power. Retailing in India is at an emerging stage of its evolution. Organized retailing has become more popular in big cities in India and most of the metropolitan cities and other big cities are flooded by modern organized retail stores. Many semi-rural areas have also witnessed entry of such organized retail outlets. Indian retail industry is currently estimated at US$ 490 billion. India’s retail market is expected to touch a whopping Rs 47 trillion (US$ 782.23 billion) by 2016-17, expanding at a compounded annual growth rate (CAGR) of 15 percent, according to a study by a leading industrial body. The total organized retail supply in 2013 stood at approximately 4.7 million square feet (sq.), witnessing a strong year-on-year (y-o-y) growth of about 78 percent over the total mass supply of 2.5 million sq. in 2012. The foreign direct investment (FDI) inflows in single-brand retail trading during the period April 2000-January 2014 stood at US$ 98.66 million. Retailing as a whole contributes almost 14-15% of India’s GDP and employs almost 8% of India’s employable population. Big Bazaar is credited with bringing organized mega retailing to India. The project was conceived as a uniquely Indian hypermarket in a format that combined the look, touch and feel of Indian bazaars with the comfort, convenience and quality that modern retailing brings. Launched in August 2001, Big Bazaar has now become the iconic destination of modern retailing for all sections of Indian consumers. There are more than hundred Big Bazaar stores in big cities as well as smaller towns like Sangli, Durgapur, Panipat, Palakkad, Ambala, Meerut, Kolhapur and Haldia. Attracting over 100 million customers every year, it has democratized shopping in India and become synonymous with great promotions that offer quality products at affordable prices. This typical Big Bazaar store offers over 1,60,000 products across categories like apparel, general            

Question 21:- Kishore Biyani known as ……          

1. a) Second generation entrepreneur
2. b) serial entrepreneur
3. c) founder or first generation entrepreneur
4. d) E-entrepreneurship

Question 22:- What are the entrepreneurial opportunities you can find in retail sector in India?    

1. a) Open Rural Market
2. b) Competition
3. c) Internet
4. d) none of the given

Question 23:- Biggest competitor of big bazar is…..         

1. a) Dmart
2. b) Amazon
3. c) Flipkart
4. d) Reliance Mart

Question 24:- Sabse saste 5 din` is indirectly compete with which internet model of billion days sale           

1. a) Amazon
2. b) Flipkart
3. c) Grofers
4. d) Big Basket

Question 25:- How Big Bazaar retail store would retain its business in today’s competitive world among retail firms?  

1. a) Collaboration or Tie-ups
2. b) Internet and collaboration
3. c) opening more stores
4. d) none of the given options