Entrepreneurship.

Total marks- 40

Few words answers- 1 mark each

1. What is a business opportunity?

2. Define Environment scanning.
3. What is Idea Generation?
4. What are the objectives of problem identification?
5. Write the factors involved in securing opportunities.

Short answer questions- 3 marks each

6. Explain elements of a business opportunity.

7. What are the sources which lead to emergence of basic ideas?
8. Continuous interaction between knowledge, strategy and action is needed to develop an
enterprise.
9. Explain using the Enterprise Process Model.
10. What are the steps involved in Idea and Opportunity assessment?
11. What are the ways of trend spotting?

Long and detailed answer questions- 5 marks each

12. What are the various sources of Idea fields?

13. Creativity is the ability to bring something new into existence. In the light of the
statement explain The Creative Process.
14. Ravi has decided to introduce a new toilet soap in the market. Prepare a proposal taking
his immediate environmental factors into consideration.
15. What are the advantages of understanding environment?