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DRIVE Spring
2017
PROGRAM BACHELOR
OF BUSINESS ADMINISTRATION (BBA)
SEMESTER V
SUBJECT
CODE & NAME BBA505 -
ENTREPRENEURSHIP MANAGEMENT
BOOK ID B1853
CREDITS 2
MARKS 30
Note: Answer all
questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Ques 1 Who is an Entrepreneur? What is the role of
entrepreneurship in Economic Development?
Ans The word
entrepreneur is derived from the French verb ‘entreprendre’, which means to
attempt, to undertake, to contract for, to try in hand, or, to adventure. In the
general sense, the word applies to any person who enters into a new project or
tries a new opportunity and takes from it the profits or the losses. The
definition of an entrepreneur as given in the American Heritage Dictionary
Ques 2 What do you mean by Business Plan? Explain
its significance.
Ans Once the first
decision to make entry in entrepreneurship arena is taken the immediate next
set of decisions can be grouped as ‘business decisions’. First among them is
preparation of business plan, then exploring funding options, deciding on the
form of business organization and actually forming the organization, nurturing
initial phase of business, managing routine
Ques 3 Define the term growth. What are the
characteristics of a high growth firm?
Ans Growth
of a company is occasionally understood with reference to change in quantity
sales, rupee sales, gross or net investment in asset, profitor profitability.
The term ‘growth’ is also used to indicate change in market share or earning
per share or market price of share. Stanford
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