Innovation and Entrepreneurship Training Tutorial Exam Paper161

Section A: Multiple Choice Questions (50 points)1. Which of the following is NOT a characteristic of an innovative idea?
(a) Novelty
(b) Feasibility
(c) Viability
(d) Originality
2. The process of identifying and solving problems in order to create new products or services is known as:
(a) Entrepreneurship
(b) Innovation
(c) Creativity
(d) Incubation
3. Which of the following is a key component of a successful business plan?
(a) Executive summary
(b) Market analysis
(c) Financial projections
(d) All of the above
4. The process of creating a new business is known as:
(a) Start-up
(b) Launch
(c) Incubation
(d) Acceleration
5. Which of the following is a benefit of outsourcing?
(a) Reduced costs
(b) Increased flexibility
(c) Access to specialized expertise
(d) All of the above

Section B: Short Answer Questions (50 points)1. Define entrepreneurship and explain its key characteristics.
2. Describe the steps involved in the innovation process.
3. Explain the importance of market research in innovation and entrepreneurship.
4. Discuss the challenges faced by start-ups and how they can be overcome.
5. Explain the role of technology in innovation and entrepreneurship.

Section C: Case Study (50 points)1. You are the founder of a new start-up that produces sustainable products. You have a solid business plan and a strong team, but you are struggling to attract funding. Discuss the various financing options available to you and explain how you would evaluate each option.
2. Your team has developed an innovative new product that has the potential to revolutionize the industry. However, you are facing competition from a larger, established company. Explain the strategies you would employ to compete with your competitor and protect your market share.

Grading RubricSection A: Multiple Choice Questions
* Each correct answer is worth 5 points.
Section B: Short Answer Questions
* Each answer should be 150-200 words in length.
* Each answer will be graded on the following criteria:
* Clarity and organization
* Accuracy and completeness
* Depth of understanding
Section C: Case Study
* Each answer should be 300-400 words in length.
* Each answer will be graded on the following criteria:
* Analysis of the case study
* Identification of key issues
* Development of creative and feasible solutions
* Presentation and clarity
* Originality

2024-12-18

Previous：How to Create Captivating Marketing Videos

Next：Lean Construction Playbook Management Tutorial