| Question: |
Who is venture capitalist? |
| Answer: |
A venture capitalist is a professional money manager who makes risk invest¬ments from a pool of equity cap¬ital to obtain a high rate of return on investments. |
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| Question: |
What is meant by business Ethics? |
| Answer: |
Business ethics is a form of applied factors that examines ethical rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are engaged in commerce. |
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| Question: |
Explain disclosure document? |
| Answer: |
The statement that must be provided to prospective customers that describes trading strategy, fees, performance etc is called disclosure document |
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| Question: |
Explain Reverse brainstorming? |
| Answer: |
Reverse Brainstorming is a different approach to brainstorming this is also called "Negative Brainstorming" Reverse brainstorming helps you solve problems by combining Brainstorming and reversal techniques. By combining these, you can extend your use of brainstorming to draw out even more creative ideas. To use this technique, you start with one of two “reverse” questions: Instead of asking, “how do I solve or prevent this problem?” ask, “how could I possibly cause the problem?” Instead of asking “how do I achieve these results?” ask, “how could I possibly achieve the opposite effect?” |
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| Question: |
What is a voluntary export? |
| Answer: |
Voluntarily exports restraints agreements are Informal bilateral or multilateral arrangements through which the exporting nations voluntarily restrain certain exports, usually through export quotas, to avoid economic dislocation in an importing country and to avert the possible imposition of mandatory import restrictions by the importing country. |
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| Question: |
Define the term Patent office? |
| Answer: |
Patent office Patent and Trademark Office Database: the government bureau in the Department of Commerce that keeps a record of patents and trademarks and grants new ones. |
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| Question: |
What is entrepreneur-ship? |
| Answer: |
The process of creating something new with value by developing the necessary time and effort, assuming the accompanying financial, psychic and social risks and receiving the resulting rewards of monetary and personal satisfaction and independence. |
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| Question: |
What is the different between entrepreneur and a manager? |
| Answer: |
Entrepreneur Entrepreneur is a person who starts the business for the very first time and who is responsible for all the profit and losses. Manager A manager is someone who works with and through other people by coordinating their work activities in order to accomplish organizational goals. |
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| Question: |
What is meant by Breakthrough innovation? |
| Answer: |
Break through innovations mean to create some thing new |
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| Question: |
What is a joint venture? |
| Answer: |
A contractual agreement joining together two or more parties for the purpose of executing a particular business undertaking is called a joint venture. All parties agree to share in the profits and losses of the enterprise. |
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| Question: |
Define the functions of barter or third part arrangements? |
| Answer: |
Barter System A person wishing to buy something in a barter system has to find someone who has this product for sale but who also wants some of the goods possessed by the first person. |
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| Question: |
Explain Environment and industry analysis |
| Answer: |
In analysis of external environment, external opportunities and threats are scanned, assessed, monitored and even forecasted. These opportunities and threats are analyzed with a careful study of demographics, economic trends and legal and political issues. In other words external environment analysis is the analysis of demographics, economic, legal and political situation of that country and technological changes in general. In industry analysis five things are considered Threats of new entrants Bargaining power of suppliers Bargaining power of buyers Threats of substitute products Intensity of rivalry among competitors |
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| Question: |
What is the difference between the entrepreneur and the businessman? |
| Answer: |
Entrepreneur Entrepreneur is a person who starts the business for the very first time and who is responsible for all the profit and losses. Businessman Businessman is a general name to define an occupation of a person involved with business. The person involved in trading of good and services to earn profit and can star at the venture at a high level. |
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| Question: |
What skills are required to be a good entrepreneur? |
| Answer: |
The skills usually required by an entrepreneur are technical skills, business management and personal entrepreneurial skills. |
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| Question: |
Is the manager entrepreneur? |
| Answer: |
Yes entrepreneur is a good manager as he starts a venture from the very start and depending on the available resources a manager can also become a good entrepreneur. |
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