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from where to start, what will be your new product and what will be its position in market. You
don’t even know that will it be acceptable in market or not. For this, you want some ideas to
produce a product which is attractive for consumers. From where will you get some general ideas
for new product development?
Explain the difference between a copyright and a trademark and how each is useful?
Explain the following parts of a business plan
1. Description of the Venture
2. Production Plan or Operations Plan
3. Marketing Plan
4. Organizational Plan
5. Financial Plan
Suppose you want to start a new venture. Before starting it, Consultants recommend you to write
all your plans for future use. What contents will you include in your document
Suppose you are acting as an entrepreneur who is managing a new venture. For that new venture
you are required to plan marketing of your product or services. What will be the specific
procedure to follow to make an effective marketing plan?
What factors do you know that an entrepreneur would consider making a plan for a
successful business
How the different intellectual properties benefit the businesses? Give
your arguments.
What are the similarities and differences between international and domestic
business management
Identify the critical components of a marketing
plan
Discuss that the decision to start a new company occurs when an individual perceives that forming
a new enterprise is desirable
• Do managers and entrepreneurs response to opportunities in same way? Also discuss the
way of controlling and allocation of resources in both styles of management.
• Discuss the differences in the ways of inspiration which drives them to be aggravated
(Both traditional managers and entrepreneurs).
How an entrepreneur can enter in international market without direct investment? Also write two
methods of entrance in international market with direct investment?
How to describe a venture and an organizational plan? Why Production Plan or operations Plan,
marketing Plan, financial Plan are important parts of business plan?
Suppose you are an entrepreneur. You come to know that the new venture will require major
organizational structural changes to turn that venture in to a successful large business. What
types of changes are you expecting; write in your own words.
Being an entrepreneur while creating new venture, how would you encourage and direct a team
of employees
Please comment on the statement “Lack of synergy is a frequent
cause of the acquisition failing to meet goals”.
State five key areas in which a plan can be measured for progress.
Question No: 29 ( Marks: 3 )
Describe:
•Horizontal merger
•Vertical merger
•Product extension merger
Design Patents
Utility Patents
Explain the different steps involved in the process of starting a new venture?