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Description
| SESSION | MARCH 2025 |
| PROGRAM | BACHELOR OF COMMERCE (B.COM) |
| SEMESTER | VI |
| COURSE CODE & NAME | DCM3201 ENTREPRENEURSHIP DEVELOPMENT |
Set – 1
Q1. (i) Define the term Entrepreneurship. Discuss the elements of Entrepreneurship.
(ii) Elaborate on the functions of the District Industries Centre.
Ans 1.
- Definition of Entrepreneurship
Entrepreneurship refers to the process of identifying a business opportunity, taking risks, and organizing resources to establish and manage a new venture with the aim of making a profit and contributing to economic development. It involves innovation, creativity, and the ability to turn ideas into successful enterprises. An entrepreneur is someone who assumes financial and operational risks to bring innovative ideas to life.
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Q2. Explain the objectives of linking creativity and innovation in entrepreneurship. 10
Ans 2.
Linking Creativity and Innovation in Entrepreneurship
In the modern competitive business environment, creativity and innovation are central to entrepreneurial success. Creativity refers to the ability to generate new and original ideas, while innovation is the process of implementing those ideas into practical and profitable outcomes. The integration of these two elements enables entrepreneurs to develop unique products,
Q3. (i) Explain the qualities of a mentor.
(ii) Enumerate the concept of SWOT analysis.
Ans 3.
- Qualities of a Mentor
A mentor is an experienced individual who offers guidance, support, and advice to someone less experienced, typically in a professional or educational context. In entrepreneurship, mentors play a crucial role by helping aspiring entrepreneurs navigate complex business challenges and make informed decisions. Certain qualities make mentors particularly effective.
One essential quality is experience and expertise. A good mentor has extensive knowledge in the relevant
Set – 2
Q4. (i) Explain the feasibility study in a business plan. How feasibility study is different from a business plan?
(ii) Explain the different stages of financing by venture capitalists.
Ans 4.
- Feasibility Study in a Business Plan
A feasibility study is a detailed analysis that assesses whether a proposed business idea is viable, sustainable, and profitable. It is conducted before the preparation of a formal business plan to determine
Q5. (i) Mention the documents required for trademark in India.
(ii)Discuss any four common characteristics of high-growth new ventures.
Ans 5.
- Documents Required for Trademark in India
A trademark is a legal protection granted to a brand name, logo, slogan, or any other distinctive mark associated with a business. In India, the registration of a trademark is governed by the Trade Marks Act, 1999. To file for a trademark, several important documents are required
Q6. (i) Describe testing of hypotheses in a Lean Startup. Analyse the steps involved.
(ii) Explain different stages of business. At which stage is harvesting possible.
Ans 6.
- Hypothesis Testing in a Lean Startup
In the Lean Startup methodology, hypothesis testing is a fundamental approach used to validate business ideas with minimal resources. It involves creating assumptions about the product, customer behavior, or market and then testing those assumptions through experiments