Types of Business Models and Market Gap Quiz
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Questions and Answers

What is the meaning of 'market gap' in the context of startups?

  • Excessive supply with insufficient demand
  • Excessive supply with no demand
  • Excessive demand with lack of availability/no supply (correct)
  • Excessive demand with sufficient supply

    • Which element is considered the backbone of a financial plan in startups?

  • All of the given options
  • Budgeting
  • Capital (correct)
  • Nature of business

    • In startup development, which of the following types of business models is focused on selling directly to consumers?

  • B2B
  • B2C (correct)
  • D2C
  • All of the above

    • Which factor is essential for creating a good team in startups for innovation and development?

    <p>Technical expertise</p> Signup and view all the answers

    What does D2C stand for in the context of business models for startups?

    <p>Direct to Consumer</p> Signup and view all the answers

    Why is capital considered crucial in the context of startups?

    <p>To invest in research and development</p> Signup and view all the answers

    Which of the following describes the process of creating something new?

    <p>Innovation</p> Signup and view all the answers

    What is the alternative term for corporate venturing?

    <p>Intrapreneurship</p> Signup and view all the answers

    What is the primary reason for an entrepreneur to conduct a feasibility study before starting a new venture?

    <p>To assess the potential success and viability of the business idea</p> Signup and view all the answers

    Which of the following is considered an export activity for a business?

    <p>Direct export</p> Signup and view all the answers

    What is the primary advantage of indirect exporting for a startup?

    <p>Lower costs and reduced risks compared to direct exporting</p> Signup and view all the answers

    Which of the following strategies focuses on selling products or services within a company's domestic market?

    <p>Domestic sales</p> Signup and view all the answers

    What is the maximum turnover permitted for a startup to be recognized in any financial year?

    <p>$200 crore</p> Signup and view all the answers

    Where must a startup be incorporated or registered to receive recognition?

    <p>Bihar</p> Signup and view all the answers

    What is the primary role of the Start-up Support Unit (SSU)?

    <p>To facilitate registration and recognition</p> Signup and view all the answers

    Which of the following is a common challenge faced by startups?

    <p>All of the above</p> Signup and view all the answers

    What is the primary benefit of registering a startup?

    <p>All of the above</p> Signup and view all the answers

    Which of the following is a common characteristic of successful startups?

    <p>All of the above</p> Signup and view all the answers

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