They are independent, self-driven, competitive, possess leadership skills, and have a sense of urgency to complete tasks. | Card: 2 / 46 |
Fill in the blank: A feasibility study helps in identifying problems and ___ for a business. | Card: 3 / 46 |
It is the process of gathering and analyzing information to identify potential business opportunities from emerging trends. | Card: 6 / 46 |
True or False: The primary purpose of a business plan is to outline marketing strategies only. | Card: 7 / 46 |
False Business plans cover multiple aspects.
| Card: 8 / 46 |
A focus group facilitates structured discussions among participants to gather opinions and insights about a product or service. | Card: 10 / 46 |
It reviews and analyzes various factors to determine the viability of a business opportunity, helping avoid non-profitable investments. | Card: 14 / 46 |
Which type of entrepreneur is characterized by their ability to work independently and manage people effectively? | Card: 15 / 46 |
False. Collaborators are highly social and excel in people-oriented environments. | Card: 18 / 46 |
Riddle: I help you decide if your business idea is viable, guiding you through analysis and estimates. What am I? | Card: 19 / 46 |
Fill in the blank: Motivators thrive in ___ environments where they can work with people. | Card: 21 / 46 |
![]() Unlock all Flashcards with EduRev Infinity Plan Starting from @ ₹99 only |
It outlines strategies and tactics to achieve business goals and acts as a reference tool for executing the business. | Card: 24 / 46 |
Brainstorming is a group discussion technique aimed at generating a variety of ideas to solve a problem or innovate. | Card: 26 / 46 |
False. Even a well-defined plan can fail due to improper execution and lack of alignment among strategy, people, and processes. | Card: 28 / 46 |
The allocation of tasks, human resources, financial stability, communication effectiveness, and periodic reviews. | Card: 30 / 46 |
Fill in the blank: The ideal environment for diplomats includes ___ and ___ settings. | Card: 31 / 46 |
Riddle: I can be assessed to gauge market potential and competition, providing insights for business decisions. What am I? | Card: 33 / 46 |
A feasibility study precedes a business plan, providing the necessary analysis to confirm the viability of a business idea. | Card: 36 / 46 |
To determine if a business idea is economically viable and to identify potential problems and solutions. | Card: 38 / 46 |
Poor execution, misalignment of strategy and people, incomplete understanding of the plan, and ineffective communication. | Card: 40 / 46 |
Fill in the blank: A __________ consists of a group of people who discuss a specific topic, guided by a moderator, to provide insights about a product or service. | Card: 41 / 46 |
True or False: A feasibility study is conducted after a business plan is prepared. | Card: 43 / 46 |
False. A feasibility study is conducted before the business plan is prepared to determine if the business idea is viable. | Card: 44 / 46 |
Family plays a crucial role in entrepreneurship.
| Card: 46 / 46 |






