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Unit 5 - Week
4

Course
outline
Assessment 4
The due date for submitting this assignment has passed.
How to access As per our records you have not submitted this Due on 2018-09-12, 23:59 IST.
the portal assignment.

Week 1 1) A Business Model is related to 1 point

Week 2 A way of doing Business

A perspective and a mode of looking at Markets

Week 3
A mode of transaction
Week 4
A structure of doing business involving market analysis and planning, revenue model and a
What is plan of interacting with all the stakeholders involved.
Business
Model? No, the answer is incorrect.
Score: 0
Who is an
Entrepreneur? Accepted Answers:
A structure of doing business involving market analysis and planning, revenue model and a plan of
Social
interacting with all the stakeholders involved.
Entrepreneurship?

Blue Ocean
2) As a business model 1 point
Strategy-I
Amazon is same as Uber
Blue Ocean
Strategy-II Big Basket is same as Big Bazaar

Quiz : Amway is similar to HUL Shakti

Assessment 4
IBM is same as Del Computers
SOLUTION OF
ASSESSMENT No, the answer is incorrect.
4 Score: 0
Accepted Answers:
Week 5
Amway is similar to HUL Shakti
Week 6 3) An entrepreneur is someone who assumes the major risks of a new business by committing 1 point
which of the following?
Week 7

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Accepted Answers:
All of the above

4) An entrepreneur has an amalgamation of 1 point

Thinking Ability, creativity, critical thinking, analytical abilities and originality.

Aptitude for Human Relations.

Communication Skills.

Financial Ability

No, the answer is incorrect.

Score: 0
Accepted Answers:
Thinking Ability, creativity, critical thinking, analytical abilities and originality.

5) Social entrepreneurship can be defined as which of the following? 1 point

A process involving the innovative use and combination of resources to pursue opportunities
to catalyze change and/or address social needs

Coming up with new solutions to social problems and then implementing them, often on a
large scale

An attempt at the creation new social value through the creation of a new enterprise, such as
self-employment, creating a new business or nonprofit, or the expansion of an existing social
enterprise by an individual, team of individuals or firm'

Any entrepreneurship is Social Entrepreneurship. /All of the above

No, the answer is incorrect.

Score: 0
Accepted Answers:
Any entrepreneurship is Social Entrepreneurship. /All of the above

6) Which of the following traditional marketing elements do not apply to social 1 point
entrepreneurship efforts?

Public Relations

Sales Promotion

Marketing mix

None of the above

No, the answer is incorrect.

Score: 0
Accepted Answers:
None of the above

7) According to the ______________________, it can be concluded that firms have a 1 point

competitive advantage in a market if they offer products of a higher perceived value to the customers
and lower relative costs than competing firms.

Red ocean strategy

Analysis of national competitiveness

Blue ocean strategy

Competitive triangle

No, the answer is incorrect.

Score: 0

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Accepted Answers:
Competitive triangle

8) Which of the following sentences best summarizes the differences between the red and 1 point
blue oceans strategies?

In the red oceans, industry boundaries are defined and accepted and the competitive rules of
the game are known. Blue oceans are occasionally created well beyond existing industry
boundaries.

Red oceans denote an environment where products are not yet well defined while blue
oceans refer to the frequently accessed marketplaces where the products are well-defined,
competitors are known and competition is based on price, product quality and service.

Blue oceans are an old paradigm that represents all the industries in existence today while
red oceans are those where companies beat competition by focusing on developing compelling
value innovations that create uncontested market space.

Red oceans are about avoiding head-to-head competition while blue oceans are about rivals
fighting over a shrinking profit pool.

No, the answer is incorrect.

Score: 0
Accepted Answers:
In the red oceans, industry boundaries are defined and accepted and the competitive rules of the game are
known. Blue oceans are occasionally created well beyond existing industry boundaries.

9) Strategy Canvass is based on the framework of 1 point

Eliminate Raise

Eliminate Raise reduce create

Focus, Divergence and Compelling tagline

Offerings

No, the answer is incorrect.

Score: 0
Accepted Answers:
Eliminate Raise reduce create

10)What is the aim of a strategy canvas? 1 point

To avoid red oceans

To move towards uncontested market space

To increase a produce range

To beat competitors on prices

No, the answer is incorrect.

Score: 0
Accepted Answers:
To move towards uncontested market space

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