Types of Business Models and Market Gap Quiz

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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?

Technical expertise Signup and view all the answers

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

Direct to Consumer Signup and view all the answers

Why is capital considered crucial in the context of startups?

To invest in research and development Signup and view all the answers

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

Innovation Signup and view all the answers

What is the alternative term for corporate venturing?

Intrapreneurship Signup and view all the answers

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

To assess the potential success and viability of the business idea Signup and view all the answers

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

Direct export Signup and view all the answers

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

Lower costs and reduced risks compared to direct exporting Signup and view all the answers

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

Domestic sales Signup and view all the answers

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

$200 crore Signup and view all the answers

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

Bihar Signup and view all the answers

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

To facilitate registration and recognition Signup and view all the answers

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?

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

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

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

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

Why is capital considered crucial in the context of startups?

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

What is the alternative term for corporate venturing?

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

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

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

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

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

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

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

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

What is the primary benefit of registering a startup?

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

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