DCM3201 ENTREPRENEURSHIP DEVELOPMENT

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Description

SESSION MAY 2024
PROGRAM BACHELOR of COMMERCE (B COM)
SEMESTER 06
course CODE & NAME DCM3201 &  Entrepreneurship Development
CREDITS 4

 

Set – 1ST

Questions

 

  1. (i) Explain the role of agencies in assisting entrepreneurship.

Ans: Agencies play a crucial role in assisting entrepreneurship by providing a range of support services that help entrepreneurs navigate the complexities of starting, growing, and sustaining a business.

Here’s a breakdown of how these agencies contribute:

  1. Financial Assistance
  • Grants and Loans: Many agencies

 

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  1. (i) Elaborate any five creativity development techniques.

Ans: Here are five widely used techniques:

  1. Brainstorming
  • Description: Brainstorming is a group creativity technique where participants generate as many ideas as possible in a non-judgmental environment.
  • How It Works:
    • Participants are encouraged to share ideas freely without criticism or evaluation.

 

 

  1. (i) Explain the qualities of a mentor.

Ans: Here are some key qualities of an effective mentor:

  1. Experience and Expertise
  • Knowledgeable: A mentor should have substantial experience and expertise in their field, enabling them to provide valuable insights and advice.
  • Practical Skills: They should be able to share practical knowledge and real-world applications of

 

Set – 2ND

Questions

  1. Explain the components of a business plan.

Ans: A business plan is a comprehensive document that outlines your business strategy, goals, and the steps you’ll take to achieve them.

Here are the key components of a business plan:

  1. Executive Summary
  • Overview: A concise summary of the entire business plan, highlighting key points.
  • Business Concept: Brief description of the business, including its name, location, and what it does.

 

  1. (i) Discuss the meaning and importance of venture capitalists.

Ans: Meaning of Venture Capitalists

Venture capitalists (VCs) are investors or firms that provide funding to early-stage, high-potential, and high-risk start-up companies in exchange for equity, or ownership stake, in the business. VCs typically focus on innovative companies in sectors like technology, biotechnology, and clean energy,

 

 

  1. (i) Explain market segmentation and its types.

Ans: Market Segmentation

Market segmentation is the process of dividing a broader market into smaller, distinct groups of consumers who share similar characteristics, needs, or behaviours. This allows businesses to tailor their marketing strategies and products to meet the specific preferences of each segment, ultimately improving

 

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