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CUET 2023 Entrepreneurship Answer Key and Question Paper with Solutions PDF
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CUET 2023 Entrepreneurship Questions with Solutions
'Cut out the middle man' refers to which type of channel of distribution?
Sometimes company sells its securities to a limited number of sophisticated investors. Identify the method of flotation of new issue discussed above.
At this stage, we presume that the idea has been transformed into a product and is being produced and sold. This is the first encounter with the rest of the market. The above lines refers to:
Matilda heard her friends talking about a new flower growing in the hilly areas. She read more about it on the net and she thought that it would be a good business idea if she would be able to grow them in her nursery. Identify the trend that is being discussed here.
Schools in Jaipur change the uniform of the students from summer to winter after Diwali as they know that the environment changes at that time. Identify the importance of understanding the environment shown above.
REAL YOU is a leading mobile phone company in India. The company decided to launch a new model A1 which will have in-built latest software to encourage hands free use and enhance user experience through 3D photos. They are also looking into ideas to use eco-friendly recyclable materials for the body of the phone which will cause less environmental damage. Identify the two factors of PESTEL model from the above cause.
Convenient frames of reference for streamlining the process of generation of ideas is known as ........
It is the process of entrepreneurship which involves the translation of a useful idea into an application which has commercial value. It takes persistent effort to work out analytically the details of the enterprise or science. The above lines indicate which step of the process of creativity.
Choose the option not reflecting formalities for standing a manpower planning.
Which component of financial plan summarizes all the projected sources of funds available to the venture to raise finance?
The process of initiating production in accordance with pre-conceived production plan is said to be.
Which of the following is NOT the characteristic of partnership?
Identify the components of Brand.
A.Brand Name
B.Trade Mark
C.Price
D.Brand Mark
Choose the correct option from the options given below:
Match List I with List II
LIST I LIST II
A. Advertising I. Coupons, loyalty rewards etc.
B. Personal Selling II. Building good relations
C. Sales Promotion III. T.V, radio etc.
D. Public Relations IV. Oral Presentation of message
Which strategy consists of a plan that positions a company's product to gain competitive advantage?
Nitin focuses on targeted groups of consumers promoting his products. Which of the following promotional strategy approach he uses?
Marketing mix consists of ____ elements.
Pond, Maggi, Amul etc. are the example of ____ type of Brand name.
Suggest the consideration related to product that an entrepreneur should take care while selecting a channel of distribution.
Mohit is a successful businessman. He is producing fried chicken by using a secret recipe. Now he has decided to give the franchise of his business to 20 people all across the state. He has to make more raw material to make the packets of the secret recipe for the franchisees. Identify the advantage Mohit will receive by producing more packets of his secret recipe.
Identify the type of acquisition in which the purchasing company becomes a subsidiary of the purchased company.
Select the one representing the main ingredients of a franchise agreement.
"Pareto principle" relates to which of the following areas.
From the following calculate Gross Working capital and Net Working capital, Creditors Rs.10000, cash Rs.20000, stock Rs.5000.
A combination of alpha and numeric unique code which signifies certain aspects of the item in the inventory is known as ____
Which of the following information is NOT needed to find Economic order Quantity (EOQ)?
Balance sheet of ABC Ltd as on March 31, 2022.
Liability Amount Assets Amount
Capital A 50,000 Machinery 50,000
B 30,000 Furniture 20,000
Creditors 5,000 Debtor 8,000
Bank overdraft 4,000 Short term investment 5,000
Short term loan 3,000 Cash 6,000
Total 92,000 Bank 92,000
Net working capital of ABC Ltd is:
Arrange in sequence the following three-level Channel of distribution.
A. Wholesaler
B. Agent
C. Retailer
D. Producer
E. Consumer
Choose the correct answer from the options given below:
Arrange the following in sequence for steps involved in identifying target market.
A. Divide the market into smaller market
B. Developing a marketing plan
C. Deciding what the general market wishes to pursue
D. Select segments to target
Choose the correct answer from the options given below:
Marketing plan establishes how the entrepreneur will compete and operate in the marketplace. Identify in sequence the following steps involved in marketing plan.
A. Conduct SWOT analysis
B. Define marketing strategy
C. Business situation analysis
D. Establish goals
E. Identify the target market
Choose the correct answer from the options given below:
Creativity is important to entrepreneurship. Arrange the following in sequence to explain the process of creativity.
A. Incubation
B. Preparation
C. Verification
D. Idea germination
E. Illumination
Choose the correct answer from the options given below:
The right sequence in the innovation process is as follows.
A. Organising resources
B. Commercial application
C. Analytical plannings
D. Implementation
Choose the correct answer from the options given below:
Gross working capital includes.
A. Trade Creditors
B. Current Assets
C. Current Liabilities
D. Expenses
Choose the correct answer from the options given below:
Identify the type, purpose, and example of the merger discussed below: "Merger takes place between two companies that deal in the same products but in separate markets."
A. Horizontal Merger
B. Acquisition of Eagle Bancshares Inc. by the RBC Cetura
C. Acquisition of Mobiling telecom ne by Broadcom
D. Market extension Merger
E. Purpose to make sure that merging companies can get access to a bigger market and that ensures a bigger client base
Choose the correct answer from the options given below:
Select the correct option related to conglomerate.
A. Merger between firms that are involved in totally unrelated business activities
B. Eg Coca-Cola and Pepsi
C. Eg Walt Disney Company and American Broadcasting company
D. These are two types - Pure and Mixed
E. Merger between companies which operate in the same space
Choose the correct answer from the options given below:
Spotting an idea often triggers the process of sensing an opportunity. The following are the sources which lead to emergence of basic ideas.
A. Problems
B. Change
C. Inventions
D. Vision of creativity
E. Economic idea
Choose the correct answer from the options given below:
Match List I with List II.
LIST I - Source of finance LIST II - Character
A. Capital Market I. Fill the gap in startup or early stage financing
B. Venture Capital II. Finance for investment in fixed assets
C. Angel Investor III. Capital which is high potential-high risk
D. Specialized Financial Institution IV. Mobilize the financial resources on a nationwide scale
Choose the correct answer from the options given below:
Match List I with List II.
LIST I LIST II
A. Integration difficulties I. Too much borrowings from the market
B. High leverage II. New set charges due to changed circumstances
C. Boardroom split III. Styles of leadership
D. Difficulties in cultural integration IV. Change in composition of directors
Choose the correct answer from the options given below:
Match List I with List II.
LIST I LIST II
A. Proprietary statements I. Legal rules followed in operation of business
B. Franchising II. Type of relationship
C. Contract explanation III. Use of name
D. Operation manual IV. Gives exclusive rights of local distribution to independent retailers
Choose the correct answer from the options given below:
Match List I with List II.
LIST I LIST II
A. Pricing that does not consider
competitor action and their effect
on pricing of the product I. Penetration Pricing
B. Pricing that can result in fast
diffusion and adoption II. Variable Pricing
C. Pricing where research and
development cost of making a
new product is recovered quickly III. Cost-plus Pricing
D. Pricing that permits different
rates to be extended to different
customers for the same goods
or services IV. Skimming Pricing
Choose the correct answer from the options given below:
Rajat was studying in class X. He had to drop out from school as his family could not afford it. He had to take a job of a peon in an office to provide money for his family. He lost his job at the office as the bank interest rate had gone up and the office was finding it difficult to meet expenses. On his way home, he stopped at a snack stall to eat something. There he got the idea of opening his own snack stall. Rajat went to meet Mr. Om, who was known to his father and used to give finance to people in need. Mr. Om agreed to give finance to Rajat. Rajat took 2 lakhs from Mr. Om and purchased a stall for ₹80,000 and some utensils and goods for ₹20,000. He purchased vegetables, bread, oil, spices, etc. for ₹10,000, cups, plates, and disposable items for ₹5,000. He decided to make sandwiches and sell them for ₹250 each as the competition was high and he wanted customers to come to his stall. He named his food stall "Paras food stall."
In the disposable items, Paras also purchased some boxes so that customers who wanted to take the food home can be given in the boxes. This increased his cost by ₹6,000. By the end of the year, the demand of the sandwiches made by Rajat increased and earned a profit of ₹80,000 after paying taxes.
Due to the popularity of the sandwiches of Rajat, two friends approached him and asked Rajat if he could help them. Rajat told them that he would manufacture the sandwiches and they would be given the right to distribute them in different parts of the city. The cost of production reduced as Rajat now had to produce in bulk. Rajat’s friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.
Identify the type of investor Mr. Om is.
Rajat was studying in class X. He had to drop out from school as his family could not afford it. He had to take a job of a peon in an office to provide money for his family. He lost his job at the office as the bank interest rate had gone up and the office was finding it difficult to meet expenses. On his way home, he stopped at a snack stall to eat something. There he got the idea of opening his own snack stall. Rajat went to meet Mr. Om, who was known to his father and used to give finance to people in need. Mr. Om agreed to give finance to Rajat. Rajat took 2 lakhs from Mr. Om and purchased a stall for Rs.80,000 and some utensils and goods for Rs.20,000. He purchased vegetables, bread, oil, spices, etc. for Rs.10,000, cups, plates, and disposable items for Rs.5,000. He decided to make sandwiches and sell them for Rs.250 each as the competition was high and he wanted customers to come to his stall. He named his food stall "Paras food stall."
In the disposable items, Paras also purchased some boxes so that customers who wanted to take the food home can be given in the boxes. This increased his cost by Rs.6,000. By the end of the year, the demand of the sandwiches made by Rajat increased and earned a profit of Rs.80,000 after paying taxes.
Due to the popularity of the sandwiches of Rajat, two friends approached him and asked Rajat if he could help them. Rajat told them that he would manufacture the sandwiches and they would be given the right to distribute them in different parts of the city. The cost of production reduced as Rajat now had to produce in bulk. Rajat’s friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.
Identify the net working capital needed by Rajat.
Rajat was studying in class X. He had to drop out from school as his family could not afford it. He had to take a job of a peon in an office to provide money for his family. He lost his job at the office as the bank interest rate had gone up and the office was finding it difficult to meet expenses. On his way home, he stopped at a snack stall to eat something. There he got the idea of opening his own snack stall. Rajat went to meet Mr. Om, who was known to his father and used to give finance to people in need. Mr. Om agreed to give finance to Rajat. Rajat took 2 lakhs from Mr. Om and purchased a stall for ₹80,000 and some utensils and goods for ₹20,000. He purchased vegetables, bread, oil, spices, etc. for ₹10,000, cups, plates, and disposable items for ₹5,000. He decided to make sandwiches and sell them for ₹250 each as the competition was high and he wanted customers to come to his stall. He named his food stall "Paras food stall."
In the disposable items, Paras also purchased some boxes so that customers who wanted to take the food home can be given in the boxes. This increased his cost by ₹6,000. By the end of the year, the demand of the sandwiches made by Rajat increased and earned a profit of ₹80,000 after paying taxes.
Due to the popularity of the sandwiches of Rajat, two friends approached him and asked Rajat if he could help them. Rajat told them that he would manufacture the sandwiches and they would be given the right to distribute them in different parts of the city. The cost of production reduced as Rajat now had to produce in bulk. Rajat’s friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.
% Identify the form of business organisation formed by Rajat.
Identify the form of business organisation formed by Rajat.
Rajat was studying in class X. He had to drop out from school as his family could not afford it. He had to take a job of a peon in an office to provide money for his family. He lost his job at the office as the bank interest rate had gone up and the office was finding it difficult to meet expenses. On his way home, he stopped at a snack stall to eat something. There he got the idea of opening his own snack stall. Rajat went to meet Mr. Om, who was known to his father and used to give finance to people in need. Mr. Om agreed to give finance to Rajat. Rajat took 2 lakhs from Mr. Om and purchased a stall for ₹80,000 and some utensils and goods for ₹20,000. He purchased vegetables, bread, oil, spices, etc. for ₹10,000, cups, plates, and disposable items for ₹5,000. He decided to make sandwiches and sell them for ₹250 each as the competition was high and he wanted customers to come to his stall. He named his food stall "Paras food stall."
In the disposable items, Paras also purchased some boxes so that customers who wanted to take the food home can be given in the boxes. This increased his cost by ₹6,000. By the end of the year, the demand for the sandwiches made by Rajat increased and earned a profit of ₹80,000 after paying taxes.
Due to the popularity of the sandwiches of Rajat, two friends approached him and asked Rajat if he could help them. Rajat told them that he would manufacture the sandwiches and they would be given the right to distribute them in different parts of the city. The cost of production reduced as Rajat now had to produce in bulk. Rajat’s friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.
Calculate the ROI on the food stall opened by Rajat.
Rajat was studying in class X. He had to drop out from school as his family could not afford it. He had to take a job of a peon in an office to provide money for his family. He lost his job at the office as the bank interest rate had gone up and the office was finding it difficult to meet expenses. On his way home, he stopped at a snack stall to eat something. There he got the idea of opening his own snack stall. Rajat went to meet Mr. Om, who was known to his father and used to give finance to people in need. Mr. Om agreed to give finance to Rajat. Rajat took 2 lakhs from Mr. Om and purchased a stall for ₹80,000 and some utensils and goods for ₹20,000. He purchased vegetables, bread, oil, spices, etc. for ₹10,000, cups, plates, and disposable items for ₹5,000. He decided to make sandwiches and sell them for ₹250 each as the competition was high and he wanted customers to come to his stall. He named his food stall "Paras food stall."
In the disposable items, Paras also purchased some boxes so that customers who wanted to take the food home can be given in the boxes. This increased his cost by ₹6,000. By the end of the year, the demand of the sandwiches made by Rajat increased and earned a profit of ₹80,000 after paying taxes.
Due to the popularity of the sandwiches of Rajat, two friends approached him and asked Rajat if he could help them. Rajat told them that he would manufacture the sandwiches and they would be given the right to distribute them in different parts of the city. The cost of production reduced as Rajat now had to produce in bulk. Rajat’s friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.
Naming the food stall "Paras food stall" is a component of product marketing. Identify the component of product in the above statement.
Rajat was studying in class X. He had to drop out from school as his family could not afford it. He had to take a job of a peon in an office to provide money for his family. He lost his job at the office as the bank interest rate had gone up and the office was finding it difficult to meet expenses. On his way home, he stopped at a snack stall to eat something. There he got the idea of opening his own snack stall. Rajat went to meet Mr. Om, who was known to his father and used to give finance to people in need. Mr. Om agreed to give finance to Rajat. Rajat took 2 lakhs from Mr. Om and purchased a stall for ₹80,000 and some utensils and goods for ₹20,000. He purchased vegetables, bread, oil, spices, etc. for ₹10,000, cups, plates, and disposable items for ₹5,000. He decided to make sandwiches and sell them for ₹250 each as the competition was high and he wanted customers to come to his stall. He named his food stall "Paras food stall."
In the disposable items, Paras also purchased some boxes so that customers who wanted to take the food home can be given in the boxes. This increased his cost by ₹6,000. By the end of the year, the demand of the sandwiches made by Rajat increased and earned a profit of ₹80,000 after paying taxes.
Due to the popularity of the sandwiches of Rajat, two friends approached him and asked Rajat if he could help them. Rajat told them that he would manufacture the sandwiches and they would be given the right to distribute them in different parts of the city. The cost of production reduced as Rajat now had to produce in bulk. Rajat’s friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.
Identify the component of product mix that Rajat used for the convenience of customers who wanted to take food home.
Rajat was studying in class X. He had to drop out from school as his family could not afford it. He had to take a job of a peon in an office to provide money for his family. He lost his job at the office as the bank interest rate had gone up and the office was finding it difficult to meet expenses. On his way home, he stopped at a snack stall to eat something. There he got the idea of opening his own snack stall. Rajat went to meet Mr. Om, who was known to his father and used to give finance to people in need. Mr. Om agreed to give finance to Rajat. Rajat took 2 lakhs from Mr. Om and purchased a stall for ₹80,000 and some utensils and goods for ₹20,000. He purchased vegetables, bread, oil, spices, etc. for ₹10,000, cups, plates, and disposable items for ₹5,000. He decided to make sandwiches and sell them for ₹250 each as the competition was high and he wanted customers to come to his stall. He named his food stall "Paras food stall."
In the disposable items, Paras also purchased some boxes so that customers who wanted to take the food home can be given in the boxes. This increased his cost by ₹6,000. By the end of the year, the demand of the sandwiches made by Rajat increased and earned a profit of ₹80,000 after paying taxes.
Due to the popularity of the sandwiches of Rajat, two friends approached him and asked Rajat if he could help them. Rajat told them that he would manufacture the sandwiches and they would be given the right to distribute them in different parts of the city. The cost of production reduced as Rajat now had to produce in bulk. Rajat’s friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.
Identify the type of franchise used by Rajat where he allowed his friends to distribute his products.
Rajat was studying in class X. He had to drop out from school as his family could not afford it. He had to take a job of a peon in an office to provide money for his family. He lost his job at the office as the bank interest rate had gone up and the office was finding it difficult to meet expenses. On his way home, he stopped at a snack stall to eat something. There he got the idea of opening his own snack stall. Rajat went to meet Mr. Om, who was known to his father and used to give finance to people in need. Mr. Om agreed to give finance to Rajat. Rajat took 2 lakhs from Mr. Om and purchased a stall for ₹80,000 and some utensils and goods for ₹20,000. He purchased vegetables, bread, oil, spices, etc. for ₹10,000, cups, plates, and disposable items for ₹5,000. He decided to make sandwiches and sell them for ₹250 each as the competition was high and he wanted customers to come to his stall. He named his food stall "Paras food stall."
In the disposable items, Paras also purchased some boxes so that customers who wanted to take the food home can be given in the boxes. This increased his cost by ₹6,000. By the end of the year, the demand of the sandwiches made by Rajat increased and earned a profit of ₹80,000 after paying taxes.
Due to the popularity of the sandwiches of Rajat, his two friends approached him and asked Rajat if he could help them. Rajat told them that he would manufacture the sandwiches and they would be given the right to distribute them in different parts of the city. The cost of production reduced as Rajat now had to produce in bulk. Rajat’s friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.
“Rajat's friends were able to sell all the sandwiches as everyone knew about the sandwiches made by Rajat.”
Identify the advantage of franchising to the franchisee.
Rajat was studying in class X. He had to drop out from school as his family could not afford it. He had to take a job of a peon in an office to provide money for his family. He lost his job at the office as the bank interest rate had gone up and the office was finding it difficult to meet expenses. On his way home, he stopped at a snack stall to eat something. There he got the idea of opening his own snack stall. Rajat went to meet Mr. Om, who was known to his father and used to give finance to people in need. Mr. Om agreed to give finance to Rajat. Rajat took 2 lakhs from Mr. Om and purchased a stall for ₹80,000 and some utensils and goods for ₹20,000. He purchased vegetables, bread, oil, spices, etc. for ₹10,000, cups, plates, and disposable items for ₹5,000. He decided to make sandwiches and sell them for ₹250 each as the competition was high and he wanted customers to come to his stall. He named his food stall "Paras food stall."
In the disposable items, Paras also purchased some boxes so that customers who wanted to take the food home can be given in the boxes. This increased his cost by ₹6,000. By the end of the year, the demand of the sandwiches made by Rajat increased and earned a profit of ₹80,000 after paying taxes.
Due to the popularity of the sandwiches of Rajat, his two friends approached him and asked Rajat if he could help them. Rajat told them that he will manufacture the sandwiches and they would be given the right to distribute them in different parts of the city. The cost of production reduced as Rajat now had to produce in bulk. Rajat’s friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.
Identify the component of the business environment that was responsible for Rajat to lose his job.
Rajat was studying in class X. He had to drop out from school as his family could not afford it. He had to take a job of a peon in an office to provide money for his family. He lost his job at the office as the bank interest rate had gone up and the office was finding it difficult to meet expenses. On his way home, he stopped at a snack stall to eat something. There he got the idea of opening his own snack stall. Rajat went to meet Mr. Om, who was known to his father and used to give finance to people in need. Mr. Om agreed to give finance to Rajat. Rajat took 2 lakhs from Mr. Om and purchased a stall for ₹80,000 and some utensils and goods for ₹20,000. He purchased vegetables, bread, oil, spices, etc. for ₹10,000, cups, plates, and disposable items for ₹5,000. He decided to make sandwiches and sell them for ₹250 each as the competition was high and he wanted customers to come to his stall. He named his food stall "Paras food stall."
In the disposable items, Paras also purchased some boxes so that customers who wanted to take the food home can be given in the boxes. This increased his cost by ₹6,000. By the end of the year, the demand of the sandwiches made by Rajat increased and earned a profit of ₹80,000 after paying taxes.
Due to the popularity of the sandwiches of Rajat, his two friends approached him and asked Rajat if he could help them. Rajat told them that he will manufacture the sandwiches and they would be given the right to distribute them in different parts of the city. The cost of production reduced as Rajat now had to produce in bulk. Rajat’s friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.
Identify the source of the idea field from where Rajat got the idea of opening a food stall.
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