28 Questions
What is one of the challenges associated with the theory of systematic innovation?
Reliability and predictability of sources
What is the main focus of the Entrepreneurial Development Programme (EDP) as described in the text?
Strengthening entrepreneurial motives
Why is new scientific knowledge highlighted as not the most reliable source of successful innovations?
It may not always lead to successful innovations
What does the theory of systematic innovation require the entrepreneur to do?
Coordinate changes with available opportunities
What makes the view from the center of each window distinct and different?
Features unique to that window
What is the main purpose of an Entrepreneurial Development Programme (EDP) according to the text?
Acquiring necessary skills for entrepreneurship
What is the main function of an Entrepreneurship Development Programme (EDP)?
Imparting training and guiding future entrepreneurs
What is the purpose of the Post-Training Phase in an EDP?
Providing post-training assistance to successful candidates
What is the normal duration of an Entrepreneurship Development Programme (EDP)?
4-6 weeks
What is one of the activities related to the Training Phase of an EDP?
Contacting guest faculties for training sessions
Why is the Post-Training Phase considered important?
To provide post-training assistance due to business hardships
What is a common misconception among trainees according to the text?
Lack of information about programme changes
What distinguishes innovational profit from other incomes according to Schumpeter?
It is a temporary surplus resulting from innovation
According to Schumpeter, what is the real function of the entrepreneur?
Introducing innovations in business
What criticism does Schumpeter's theory face regarding risk-taking and profit?
Profit is not considered as the reward for risk-taking in this theory
What factor determining profit has Schumpeter's theory ignored?
Uncertainty bearing
What is one of the key focuses of Entrepreneurial Development Programmes (EDP)?
Creating employment opportunities
What does the text suggest about the localization and development of business and industries?
New industries are established in already well-developed areas
Why is selling goods considered difficult in the present age according to the text?
Lack of market information
Which aspect of business balance is highlighted in Entrepreneurial Development Programmes (EDP)?
Balancing components of the business
What is a primary purpose of Entrepreneurial Development Programmes (EDP) according to the text?
Generating employment opportunities
Why do Entrepreneurial Development Programmes (EDP) aim to develop in all parts of the country?
To ensure industrial growth across all regions
What is one of the main benefits of Entrepreneurship Development Programs (EDPs) mentioned in the text?
Increasing job opportunities through self-employment
How do Entrepreneurship Development Programs (EDPs) contribute to the local economy?
By guiding entrepreneurs to efficiently utilize local resources
What is one of the outcomes of entrepreneurs organizing factors of production effectively?
Increased per capita income
Why is it important for entrepreneurs to utilize local resources efficiently according to the text?
To develop the region at minimal cost
How do Entrepreneurship Development Programs (EDPs) contribute to improving the standard of living?
By providing innovative methods and technologies to entrepreneurs
Which group is primarily targeted by Entrepreneurship Development Programs (EDPs) according to the text?
Individuals looking to establish their own business
Test your knowledge on entrepreneurial business training, including how to establish business relations, manage business components, and handle challenges. Learn about creating awareness in marketing and overcoming difficulties in selling goods.
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