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Thread: MGT602 Fall 2010 Papers (Latest) december 5

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    Icon23 MGT602 Fall 2010 Papers (Latest) december 5

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    These papers are submitted by vuhelp friends. So please you being a student also share your paper.
    Paper # 01

    MCQs = 29

    Subjective Questions = 4

    1) Characteristics of searching an outside partner. (3 Marks)

    Following are a few things that one always tries to search in their partner and which not only makes a great partner but also are the characteristics of a great relationship.
    • Someone who is caring and honest.
    • Someone who is open and responsive and with whom you can confide in like a friend.
    • Someone who is trustworthy and who will risk his/her life for you

    2) What is Business Plan. (3 Marks)

    A business plan is a written document prepared by the entrepreneur that describes all the relevant external and internal elements involved in starting a new venture. It addresses both short- and long-term decision making. The business plan is like a road map for the business’ development. The Internet also provides outlines for business planning.

    3) Why business plan is significant. (5 Marks)

    Business plan is significant because, In running or starting a business, the learning curve is short before you run out of resources and are forced to close. Therefore, a business plan helps you set up a sound framework, model and system ahead of time, as well as, treat potential problems and threats, so that you can capably run a business. A funding business plan will save you a lot of time and money. The beautiful thing about a business plan is that it actually creates the future of your business, as you want it to be. It gives you more control over what future success will come. More importantly, it gives you a great process to grow the future business you desire, whether that is a start up, acquisition, expansion or build out.

    4) Problem Inventory Analysis Techniques. (5 Marks)

    Problem inventory analysis uses individuals in a manner that is like to focus groups to generate new product ideas. However instead of generating new ideas themselves, consumers are provided with a list of problems in a general product category. They are then asked to identify and discuss products in this category that have the particular problem. This method is often effective since it is easier to relate known products to suggested problems and arrive at a new product idea then to generate an entirely new idea by itself.

    Paper # 02

    MCQs = 29

    Subjective Questions = 4

    1) How present business plan to potential investor

    2) Strategic issues in international entrepreneurship

    3) What will your strategic planning while enter international market

    4) Why entrepreneur should have good relation with lawyer

    Paper # 03

    MCQs = 28 (75% from Past Papers)

    Subjective Questions = 04

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    1) Existing product is useful for idea product discuss(3)

    2) how prepare business plan for attract investors(3)

    3) a.b.c. company want do international business discuss the effects of trade barriers and effects on entrepreneur.

    4) a.b.c. company lunch defective product and customer claim about it but company not concentrate on it. Now customer thinking sues on company as entrepreneur how you tell customer about to sue on company.

    Paper # 04

    MCQs = 28

    Subjective Questions = 04

    65% MCQs and Subjective from old papers.

    1) What activities are required at Test Marketing Stage of Product Planning & Development Process? (3 M)

    2) If an entrepreneur is going to start International Business. What are the strategic issues that are more important for him and he has to consider them carefully.

    3) Being a entrepreneur you are going to start International Business. Your need to adjust your Business plan according to Regional Difference in terms of Economic development. You are required to highlight the factors which can impact your decision.

    4) Discuss why is it necessary for an entrepreneur to have good relationship with lawyer.

    Paper # 05

    MCQs = 28

    Subjective Questions = 04

    1) Consumer can help in creating new idea for new product. Discuss how the consumer can be helpful. (3 Marks)

    2) How the business plan is presented to potential investor? (3 Marks)

    3) While entering into the international market the companies usually have strategic planning process. What should be considered in strategic planning? (5 Marks)

    4) Discuss how can lenders evaluate the business plan. (5 marks)

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