Practice Test

Q1) Innovation is the tool of ___________ Show Answer

Q2) _________ demand creativity. Show Answer

Q3) Creativity is the ability to make or otherwise bring into existences something new, whether a _____________ Show Answer

Q4) All innovation begins with creative ideas. Show Answer

Q5) Creativity is the ___________ for innovation. Show Answer

Q6) Which of the following statement is correct in relation to 'Creativity'? Show Answer

Q7) Which of the following statement is correct in relation to 'Creativity'? Show Answer

Q8) Creativity requires _________________ Show Answer

Q9) People become creative when they feel motivated primarily by the __________
(w) Interest
(X) External
(Y) Satisfaction
(Z) Challenge of the situation Show Answer

Q10) Within every individual, creativity is a function of _________ Show Answer

Q11) __________ encompasses everything that a person knows and can do in the broad domain of his or her work knowledge and technical ability. Show Answer

Q12) ___________ refers to how you approach problems and solutions the capacity to put existing ideas together in new combinations. Show Answer

Q13) ____________ is the drive and desire to do something, an inner passion and interest. Show Answer

Q14) ___________ is the process of bringing the best ideas into reality, which triggers a creative idea, which generates a series of innovative events. Show Answer

Q15) ____________ believes that the concept of innovation, described as the use of an invention to create a new commercial product or service, is the key force in creating new demand and thus, new wealth. Show Answer

Q16) Innovation creates new demand and entrepreneurs bring the innovations to the market. This destroys the existing markets and creates new ones, which will in turn be destroyed be even newer products or services ___________ calls, this process, 'creartive destructions'. Show Answer

Q17) ___________ requires a fresh way of looking at things, an understanding of people, and an entrepreneurial willingness to take risks and to work hard. Show Answer

Q18) Steve Jobs has given ________ priniciples largely responsible for success through innovation. Show Answer

Q19) Steve Jobs 1st principal of innovation is __________ Show Answer

Q20) Steve Jobs 2nd principal of innovation is ___________ Show Answer

Q21) Steve Jobs 3rd principal of innovation is ___________ Show Answer

Q22) Steve Jobs 4th principal of innovation is _________ Show Answer

Q23) Steve Jobs 5th principal of innovation is __________ Show Answer

Q24) Steve Jobs 6th principal of innivation is _______ Show Answer

Q25) Steve Jobs 7th principal of innovation is ____________ Show Answer

Q26) ____________ is careful monitoring of an organization's internal and external envrionments for detecting early sign of opportunities and threats that may influence its current and future plans. Show Answer

Q27) Envrionment scanning is careful monitoring of an organization's __________ environment for detecting early signs of opportunities and threats that may influence its current and future plans. Show Answer

Q28) The importance of environment scanning was first recognized by __________ in the late 1970s. Show Answer

Q29) The importance of environmental scanning was first recognized by life insurance firms in the late ______________ Show Answer

Q30) Which of the following technique can be used in environment scanning? Show Answer

Q31) SWOT Analysis was originated by ____________ Show Answer

Q32) SWOT is the analysis of a company's ___________ Show Answer

Q33) SWOT Anlaysis is sometimes called __________ Show Answer

Q34) PESTLE stands for ____________ Show Answer

Q35) PESTLE analysis is a useful tool for understanding the ____________ of the environment in which an entrepreneur is planning to operate. Show Answer

Q36) The Porter's __________ is simple but powerful tool to evaluate the power of business. Show Answer

Q37) Porter's Forces Analysis assumes that there are important forces that determine competitive power in a business situation. These are: I. Supplier power, Threat of new entry II. Supplier power, Buyer power, Competitive rivalry III. Supplier power, Competitive rivalry, Threat of new entry IV. Supplier power, Buyer power, Competitive rivalry, Threat of substitution, Threat of view entry. Show Answer

Q38) As per Porter's Forces Analysis, ___________ assesses how easily suppliers may drive up prices. Show Answer

Q39) As per Porter's Forces Analysis, ___________ evaluates how easy it is for buyers to drive prices down. Show Answer

Q40) Envrironmental scanning begins with gathering information about the _________ Show Answer

Q41) Ongoing scanning at an almost unconscious level is __________ Show Answer

Q42) In which of the following case conducting a market assessment is essential to know whether there exists any demand to the idea? Show Answer

Q43) Conducting a market assessment helps to:____________ Show Answer

Q44) The marketing assessment process involves ________ Show Answer

Q45) Which of the following does not include in marketing assessment process? Show Answer

Q46) The first step in relation to a market assessment is to _________ Show Answer

Q47) After defining the problem, the next step in relation to a market assessment is _____ Show Answer

Q48) After defining the problem and analyzing the situation the next step in relation to a market assessment is to ___________ Show Answer

Q49) After defining the problem, analyzing the situation, obtaining data specific to the problem the next step in relation to a market assessment is to __________ Show Answer

Q50) There are two basic misconceptions for business plans:______________ Show Answer

Q51) The word 'motivation' has its origin in the Latin word _________, meaning "to move." Show Answer

Q52) It should be noted that the word 'motivation' has its origin in the Latin word 'movere',__________ meaning "________" Show Answer

Q53) Which of the following tool considers external factor and helps to evaluate their impact on internal impact on internal business- Show Answer

Q54) Identify incorrect statement- Show Answer

Q55) Which of the following is first step in market assessment- Show Answer

Q56) Which of the following helps in periodic review of actual results- Show Answer

Q57) An opportunity assessment plan includes following- Show Answer

Q58) Active scanning involves the_________ of continuous resources and, from time to time, supplementing them with existing resources as needed. Show Answer

Q59) ________is research that is proactively created for a specific purpose Show Answer