Home

Entrepreneurship MCQ Question with Answer

Entrepreneurship MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

Download Entrepreneurship MCQ Question Answer PDF

Question No : 15
Which legal form of business provides the most personal liability protection for its owners?

Sole proprietorship
Partnership
Limited liability company (LLC)
Corporation

Question No : 16
What is the term for the process of studying and analyzing the external environment to identify business opportunities and threats?

Market research
Environmental scanning
Competitive analysis
SWOT analysis

Question No : 17
What term is used to describe the process of identifying, assessing, and developing a business idea into a viable business?

Business development
Idea refinement
Business planning
Opportunity recognition

Question No : 18
Which of the following is NOT a common characteristic of an entrepreneurial mindset?

Risk aversion
Creativity
Resilience
Adaptability

Question No : 19
Which of the following is a common form of intellectual property protection for inventions and innovations?

Trademark
Copyright
Patent
Trade secret

Question No : 20
What is the term for the process of gathering information about potential customers and their preferences?

Market research
Customer segmentation
Product development
Competitive analysis

Question No : 21
What is the term for the process of identifying potential customers and tailoring marketing efforts to reach them?

Market segmentation
Target marketing
Customer profiling
Product positioning