How long from the date of inception will an entity be called a 'startup' in India? Which of the following outcomes will be delivered by successful entrepreneurs?
Understand the Problem
The question is asking about the criteria for defining an entity as a 'startup' in India and the outcomes associated with successful entrepreneurs.
Answer
Up to 10 years; all listed outcomes apply.
An entity is considered a 'startup' in India for up to 10 years from the date of incorporation. The outcomes delivered by successful entrepreneurs include product-market expansion and/or segmentation, digital reinvention of basic products and/or services, and fundamental transformation of industries.
Answer for screen readers
An entity is considered a 'startup' in India for up to 10 years from the date of incorporation. The outcomes delivered by successful entrepreneurs include product-market expansion and/or segmentation, digital reinvention of basic products and/or services, and fundamental transformation of industries.
More Information
In India, startups are recognized for up to 10 years, promoting entrepreneurial innovation and growth. Successful entrepreneurs often drive market expansion, innovate digitally, and transform industries.
Tips
While determining the duration, ensure guidelines align with the current Startup India policies.
Sources
- Entrepreneurship development MCQ questions and answer - phdtalks.org
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