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Small Business Test - 13

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Small Business Test - 13
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Conducting a market assessment helps to ________
    Solution
    Market assesssment helps in examining the market completely. It helps to prepare to enter in to a new market, launch a new product or service and even to start a new business. It helps in analyzing the pros and cons of launching the idea in to a market.
  • Question 2
    1 / -0
    Steve Jobs 1st principle of innovation is _________.
    Solution
    • In his travelling lecture about Steve Jobs, author Carmine Gallo's states the "Steve Jobs' 7 Principles of Innovation".
    • The first of Jobs' principles, according to Gallo is: Do what you love. It reads as follows "Steve Jobs taught us that you cannot come up with new, innovative and exciting products unless you’re inspired yourself and passionate about moving society forward."
  • Question 3
    1 / -0
    _________ like entrepreneurs are the people with great willingness and efficient leadership. He inspires others. He has an incredible will and ability to lead the world and the business through any challenge. He is the essence of entrepreneurship and can assemble great companies.
    Solution
    As the name suggests hero  is a person who is appreciated  for their courage, achievements and good qualities. A Hero like entrepreneurs are the people with great willingness and efficient leadership. He inspires other. He has an incredible will and ability to lead the world and the business through any challenge.He is the essence of entrepreneurship and can assemble great companies.
  • Question 4
    1 / -0
    Steve Jobs 2nd principle of innovation is __________.
    Solution
    Put a dent in the Universe:- In 1976, when Jobs and Steve Wozniak co-founded Apple, Job's vision was to put a computer in the hands of everyday people. Two people can see the exactly same thing , but perceive it differently based on their vision.
  • Question 5
    1 / -0
    ____________ as the name suggests, nurtures the business by bringing harmony with a surprising ability to survive with an inner calm. Healer is closely related to calmness which lets him avoid the outside harsh realities of business.
    Solution
    Healer is the person who can mend or repair things. Healer as the name suggests, nurtures the business by bringing harmony with a surprising ability to survive with an inner calm. Healer is closely related to calmness which lets him avoid the outside harsh realities of business.
  • Question 6
    1 / -0
    ___________ encompasses everything that a person knows and can do in the broad domain of his or her work knowledge and technical ability.
    Solution
    Some characteristics that an entrepreneur needs to have are:-
    1. Mental ability:- to have creative thinking and must be able to analyse situations and problems.
    2. Business Secrecy:- he should protect his business secrets from his competitors.
    3. Clear objectives:- must have a clear objectives of what to be pursued in the future.
    4,. Communication ability:- should poses a good communication ability and skills.
    5. Human Relation:- he must maintain good relation with suppliers,customers,employees etc.
  • Question 7
    1 / -0
    An entrepreneur and a manager differ in their standing, an entrepreneur is the ___________ of the organization and he bears all the risk and uncertainties involved in running an organization where as a manager is an _______ and does not undertake responsibilities for any risk.
    Solution
    An entrepreneur is the owner of the business who assumes risk and invest capital. whereas a manager is an employee who manages the work but does not take any risk.
  • Question 8
    1 / -0
    How many principles which are responsible for success through innovation are given by Steve Jobs?
    Solution
    Steve jobs recommended 7 principles that are responsible for success through innovation. They are:-
    1.  Do what you love.
    2. Put a Dent in the universe.
    3. Kick Start your Brain.
    4. Sell Dreams, not products.
    5. Say no to 1000 things.
    6. Create insanely great experiences.
    7.  Master the message
    Hence, option (B) is the correct answer.
  • Question 9
    1 / -0
     ____________ refers to how you approach problems and solutions the capacity to put existing ideas together in new combinations.
    Solution
    Creative Thinking Skills refers to how you approach problems and solutions. The capacity  to put the existing ideas or combining the existing ways together to bring in to existence something new or different than usual way.
  • Question 10
    1 / -0
    Creativity requires __________.
    Solution
    Creativity cannot be achieved in a day. It requires continuous commitment and passion to do something different
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