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Questions and Answers
What should Vinay do to spot the latest trends in the market by himself?
What should Vinay do to spot the latest trends in the market by himself?
- Attend industry conferences
- Analyze competitors' strategies
- Follow industry publications and reports (correct)
- Hire a market research firm
Why is it important for Mr. Raghav's fan idea to follow a process?
Why is it important for Mr. Raghav's fan idea to follow a process?
- To avoid legal issues
- To ensure quality and efficiency (correct)
- To attract investors
- To save costs on production
What are the 'convenient frames of reference' mentioned in the text used for?
What are the 'convenient frames of reference' mentioned in the text used for?
- To introduce bias in decision-making
- To slow down idea generation
- To limit creativity
- To streamline the process of generating ideas (correct)
Why did Varun decide to look for various business ideas before starting his venture?
Why did Varun decide to look for various business ideas before starting his venture?
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How do environmental factors impact each other according to the text?
How do environmental factors impact each other according to the text?
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