Subject: Entrepreneurship Business Plan Questions with Answers Group A: Very Short Questions 1. (2023 Fall Q. No. 9) Write down the common mistake associated with business planning. Answer: The common mistakes associated with business planning are as follows:i. Not having clear goals.ii. Ignoring market research.iii. Unrealistic financial projections.iv. Weak marketing and sales strategies. 2. (2022 … Read more
The Entrepreneurial Process Starting a new business requires careful planning and execution. The entrepreneurial process helps guide individuals through the steps needed to turn their ideas into successful ventures. If I am planning to start a new business, then I follow the following entrepreneurial process: i. Idea Generation and Evaluation: This stage involves finding potential … Read more
Entrepreneurship’s Role in Nepal’s Economic Growth Entrepreneurs play a crucial role in the economic development of a nation. Here are some of the ways in which entrepreneurs contribute to the economic development of a nation: i. Job Creation: Entrepreneurs start new businesses that need employees, creating job opportunities for people. This helps reduce unemployment and gives people … Read more
Subject: Entrepreneurship Protecting Idea and Other Legal Issues Questions With Answers Group A: Very Short Questions 1. (2023 Spring Q.NO. 6) (2019 Fall Q.NO.9) Differentiate between licensing and franchising in brief. Answer: The differences between licensing and franchising are as follows: Licensing Franchising It allows use of a brand or idea, like a logo or … Read more
The Role of Entrepreneurship in Economic Growth Entrepreneurs play a crucial role in the economic development of a nation. Here are some of the ways in which entrepreneurs contribute to the economic development of a nation: i. Job Creation: Entrepreneurs start new businesses that need employees, creating job opportunities for people. This helps reduce unemployment and gives … Read more
Role of Entrepreneur in Economic Development Entrepreneurs play a crucial role in the economic development of a nation. Here are some of the ways in which entrepreneurs contribute to the economic development of a nation: i. Job Creation: Entrepreneurs start new businesses that need employees, creating job opportunities for people. This helps reduce unemployment and … Read more
Entrepreneurship and Its Key Traits Entrepreneurship is the process of observing a business opportunity, assembling the required assets, and taking the initiative to start and run a new company. The various traits of a successful entrepreneurship are as follows i. Hard Work: Entrepreneurs are often willing to put in long hours and effort to achieve their … Read more
Key Traits of an Entrepreneurial Person Entrepreneurship is the process of observing a business opportunity, assembling the required assets, and taking the initiative to start and run a new company. The background characteristics needed to be identified as an entrepreneurial stuff are as follows: i. Hard Work: Entrepreneurs are often willing to put in long … Read more
Subject: Entrepreneurship Identifying and Analyzing Opportunities Questions Group A: Very Short Answer Questions 1. (2023 Fall Q. No. 6) Mention the benefit of Turn-Key projects. Answer: The benefits of Turn-Key projects are as follows:i. Time-Savingii. Risk Reductioniii. Efficiency 2. (2023 Spring Q. No. 5) How is a turnkey project different from a licensing agreement? Answer: … Read more
Subject: Entrepreneurship Creativity and Business Idea Questions Group A: Very Short Questions 1. (2023 Fall Q. No. 5, 2021 Spring Q. No. 9) Define e-commerce. Answer: E-commerce refers to buying and selling goods and services over the Internet. It has become a vital part of modern business, allowing companies to reach a global audience. 2. … Read more