NPTEL Entrepreneurship Essentials Week 9 Assignment Answers 2025
1. For a particular company:
Sales: ₹ 50,000
Total annual variable cost: ₹ 40,000
Number of units produced and sold: 5,000
Total annual fixed cost: ₹ 2,00,000
How many units of the product the company must produce and sell to make a profit of 2,00,000?
a. 1,00,000
b. 2,00,000
c. 3,00,000
d. 4,00,000
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2. Which of the following is the correct interpretation of the construct ‘insurgent mission’ in the context of entrepreneurship mentality?
a. You are in a blue ocean market and are on a mission to capture enough customers before it turns into a red ocean.
b. You are on a mission to seize customers from competitors and acquire them by hook or crook and no rule applies to you.
c. You are on a mission to wage a war with the customers and want to win them over at any cost.
d. You are at war against competitors on behalf of the underserved customers and would not stop until you win.
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3. Which of the following is arranged in correct chronology in the context of applying Design Thinking:
a. Empathize, Ideate, Define, Prototype, Test
b. Empathize, Prototype, Define, Ideate, Test
c. Define, Empathize, Ideate, Prototype, Test
d. Empathize, Define, Ideate, Prototype, Test
e. Empathize, Ideate, Prototype, Define, Test
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4. Which of the following is not true?
a. Invention is the creation of new knowledge and innovation is the creation of new knowledge as also the commercial application of the new knowledge for the benefit of the relevant people.
b. Innovation is creating new knowledge, whereas invention is putting the invention into public use.
c. Innovation is how the entrepreneur either creates new wealth-producing resources or endows existing resources with enhanced potential for creating wealth.
d. A leap of faith is an assumption of a future solution without any supporting data whereas, a hypothesis is an assumption based on limited data or evidence.
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5. Which of the following is not an essential component of the elevator Pitch or speech?
a. An elevator pitch should be no longer than 60 seconds, ideally 20 to 30 seconds long
b. In an elevator pitch, you should explain why you think that you have a winning proposition, what is your USP and what are your competitive advantages.
c. Speak as fast as you can since the time is short and you want to convey as much information as possible.
d. Remain open to an interjection by your audience at any time.
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6. Which of the following is the correct interpretation of the construct ‘owners’ mindset’ in the context of entrepreneurship?
A. The sense that the company is theirs and that the prosperity of the company is aligned with their personal prosperity.
B. The sense that the company belongs to them and they should try to take away as much from the company as possible.
C. One is as responsible as the owners and would take all the actions that are for the best interest of the company.
D. To avoid bureaucracy and take immediate and appropriate action without waiting for instructions from the hierarchy or the sense that it is someone else’s responsibility.
a. A, C, D
b. A, B, D
c. A, B, C,
d. All the options are part of the ‘owners’ mindset’.
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7. Guy Kawasaki recommended
a. Twenty-minute presentation, ten slides, and minimum thirty font size
b. Twenty-minute presentation, thirty slides, and minimum ten font size
c. Thirty-minute presentation, twenty slides, and minimum ten font size
d. Ten-minute presentation, twenty slides, and minimum thirty font size
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8. Which of the following is the correct interpretation of the construct ‘frontline obsession’ in the context of entrepreneurship?
A. Customer focus and use all the tricks up their sleeves to acquire customers.
B. Take customer feedback to help the product development team understand what is to be built to meet the gap in product features and serve the customer better.
C. It is a mindset among individual employees and teams to create an environment where everyone feels valued for their contributions and is committed to the success of the organization.
D. Try to understand every detail about customers’ response to features of the product, earn customer advocacy, and loyalty, and not resort to the blame game for non-performance.
a. B, C, & D
b. A, & D
c. A, B, & C
d. B & D
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9. Arrange the following in the order of importance in the context of the success of a startup as suggested by Bill Gross (most important first)
a. Team, Timing, Business model, Team
b. Team, Timing, idea, execution
c. Timing, Team, Idea, execution
d. Timing, Team, execution, Idea
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10. What is meant by complementary skills? Choose the best answer.
a. A team of cofounders and early employees with different skills so that all the skills that are necessary for executing the business are available.
b. A team with all the skillsets demanded by the concurrent industries so that a startup can diversify into any domain of its choice without concern of technology.
c. The skillset complementary to that demanded by the changing technological landscape in the market.
d. All the team members have all the skills similar to those demanded by the startup.
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