Entrepreneurship MCQ Question with Answer

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

Question No : 8
Which of the following is NOT a stage in the product development process?

Conceptualization and ideation

Market research

Manufacturing

Post-launch evaluation

Question No : 9
What is the term for the process of finding, attracting, and hiring new employees for a business?

Recruitment

Training

Onboarding

Human resources management

Question No : 10
What is the process of generating, developing, and communicating new ideas for business development called?

Market research

Product development

Innovation

Business planning

Question No : 11
What is a business model?

A visual representation of a company's structure

The way a company creates, delivers, and captures value

A list of all the employees in a company

The physical location of a business

Question No : 12
What is the term for the process of determining the worth of a business or an asset?

Valuation

Appraisal

Pricing

Estimation

Question No : 13
What is the term for the process of introducing a new product or service to the market?

Market entry

Product launch

Market expansion

Market penetration

Question No : 14
What is a cash flow statement used for in business finance?

Tracking money spent on marketing

Analyzing the movement of money in and out of a business

Calculating the net worth of a business

Estimating future sales revenue