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GUJARAT TECHNOLOGICAL UNIVERSITY
BE- SEMESTER-VIII (NEW) EXAMINATION — WINTER 2020
Subject Code:2181923 Date:21/01/2021
Subject Name:Entrepreneurship
Time:02:00 PM TO 04:00 PM Total Marks: 56
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Instructions:
- Attempt any FOUR questions out of EIGHT questions.
- Make suitable assumptions wherever necessary.
- Figures to the right indicate full marks.
Q.1 (a) Describe how entrepreneurship is need of time for India. 03
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(b) What are the characteristics of a successful entrepreneur? 04
(c) Describe the process involved to convert a viable idea into an 07 entrepreneurship business.
Q.2 (a) What do you mean by ‘creative problem solving’? 03
(b) Compare managerial vs. entrepreneurial approach in a business. 04
(c) What do you understand by business models? What are key 07 components of a business model?
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Q.3 (a) Explain technical feasibility of business idea. 03
(b) Describe importance of environmental scanning. 04
(c) Describe a typical business plan including all essential features. 07
Q.4 (a) Compare technical feasibility and commercial feasibility. 03
(b) Discuss steps in environmental scanning for business feasibility. 04
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(c) Explain in detail Creative Problem Solving in developing a business 07 idea.
Q.5 (a) Write important components of a project report. 03
(b) What are important phases of market research? 04
(c) Write short note of contingency planning. 07
Q.6 (a) How employees are motivated? Why training is to be provided? 03
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(b) What is difference between Trademarks, Copy right and Patent? 04
(c) Describe ‘Franchising a business’ in details with legal processes 07 involved.
Q.7 (a) What do you understand by licensing and franchising? 03
(b) Write a short note on a break even analysis. 04
(c) Write steps in sourcing finance for the business. Compare finance 07 from commercial bank with venture capital.
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Q.8 (a) State typical forms of ownership 03
(b) Explain manpower planning and job specifications. 04
(c) Why businesses need financial planning? Describe Cash flow 07 planning for a business in details.
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