Tag Archives: Exam-Corner

 Define a business plan and reasons for writing a business plan? Answer: ‘’A business plan is a written document that describes all the aspects of a business venture in a concise manner’’ “A business plan is a written document that describes in detail how a business—usually a startup—defines its objectives and how it is to go about achieving its goals. …

 Define business plan. Explain the steps/ procedure/ guidelines for writing a business plan? ANSWER: A business plan is a written document that describes all the aspects of a business venture in a concise manner’’ normally Business plan consist of 25 to 35 pages that describes how a new business can be completed. In some professional areas the business plan is …

 Q. 8: What are the Techniques for generating an idea? ANSWER: In general, entrepreneurs identify more ideas than opportunities because many ideas are typically generated to find the best way to capitalize on an opportunity. Several techniques can be used to stimulate and facilitate the generation of new ideas for products, services, and businesses. Let’s take a   look at some …

What are the procedures or steps for starting up a small-scale business? ANSWER: A small-scale unit is normally a one-man show and even in the case of a partnership the activities are mainly carried out by the active partner and the rest are sleeping partners. The area of operation of small units is localized, catering to the local or regional …

Question 6: How does an entrepreneur stimulate the economy? ANSWER: 1-Investment – The entrepreneur has to invest in what is required for the economy. Economic progress will much depend upon his or her contributions. Any entrepreneur will invest in products and services which the people need. His or investment will ensure a better life for the people. More goods and …

Define ethics and discuss some conflicts over the ethical nature of decisions. ANSWER: In a broad sense, ethics are the rules or parameters for conduct in any activity as long as it is done in an “acceptable” manner.  Ethics can also be described as a set of principles prescribing a behavioral code that explains what is good and right or …

 What are the sources of entrepreneurial stress and discuss the ways of dealing with stress? ANSWER: Entrepreneurs experience four types of stress. The first is loneliness. Although there are many people around the entrepreneur, there are few in whom he can confide. Another stress is immersion in business. A successful entrepreneur may make enough money for vacations, but never have …

 Explain and discuss the “dark side” of entrepreneurship. ANSWER: The entrepreneurial profile has its destructive side.  First, the need for control can become an obsession (جنون). The need for control can cause problems in networking and in an entrepreneurial team.  A sense of distrust can cause the entrepreneur to lose sight of reality or focus on trivial (معمولی) things.  An …

 How an enterprise gives benefit to society, the country, and an entrepreneur? ANSWER: ·         Entrepreneurs will be able to produce goods and services and able to earn maximum profit. ·         Entrepreneur provides goods and services and creates employment opportunities benefiting to society. ·         He contributes to national income, leads to growth of other sectors, more exports by that increase in …

Entrepreneurship Important Questions with Answers NOTE: For Answers Click on the Questions below Question 1.  Explain the concept of entrepreneurship with the help of a diagram. Question 2. How an enterprise gives benefit society, the country, and an entrepreneur? Question 3:  Explain and discuss the “dark side” of entrepreneurship. Question 4:  Name the sources of entrepreneurial stress and discuss the …