DR.
PREETI SAHRAWAT
Page 1 of 2
EM QUESTION BANK
UNIT-1
1. What is a new venture, and what are its key features that differentiate it from an established
business?
2. How can entrepreneurs effectively identify opportunities in the market for starting a new
venture?
3. What role do imagination and creativity play in the process of entrepreneurship, and how can
they be harnessed?
4. Why is creative thinking important for entrepreneurs, and what are some techniques to
enhance creative thinking?
5. What are the common impediments to creativity, and how can entrepreneurs overcome these
challenges to foster innovation?
6. Describe the process of creating a new venture. What steps should an entrepreneur follow to
ensure the venture’s success?
7. What are the advantages and disadvantages of acquiring an established venture as opposed
to creating a new one from scratch?
8. How does franchising work as a business model, and what are the main benefits for both
franchisors and franchisees?
9. What legal aspects should be considered when entering into a franchise agreement, and how
does franchise law protect both parties?
10. What factors should entrepreneurs evaluate when assessing potential franchising
opportunities to ensure long-term success?
11. How can entrepreneurs use market research and analysis to identify untapped opportunities
for new ventures?
12. What are the differences between entrepreneurial creativity and business innovation, and
how can both be used to drive venture growth?
13. What are the stages of developing creativity in entrepreneurial settings, and how can
organizations cultivate a creative culture?
14. What are the key factors to consider when evaluating whether to acquire an existing business
versus starting a new one?
15. What are the challenges and risks associated with acquiring an ongoing business, and how
can these be mitigated?
16. What are the common pitfalls that entrepreneurs should avoid when signing a franchise
agreement, and how can they ensure the franchise meets their expectations?
DR. PREETI SAHRAWAT
Page 2 of 2
UNIT-2
1. What are intellectual property rights (IPR), and why are they important in today's business
environment?
2. What is the difference between patents, trademarks, and copyrights, and what kind of
protection does each provide?
3. What are the requirements for filing a patent, and how can an inventor determine whether
their invention is patentable?
4. What is the procedure for filing a patent in India, and what are the key steps involved in
securing patent protection?
5. What is a trademark, and what are the legal requirements for registering a trademark in India?
6. Describe the process for filing a trademark application in India, including the timeline and
costs involved.
7. What is a copyright, and what types of works can be protected under copyright law in India?
8. Explain the procedure for filing a copyright in India. What are the documents and steps
required for a successful copyright registration?
9. How do intellectual property rights differ across countries, and what are the key international
agreements governing IPR?
10. What role do intellectual property rights play in fostering innovation and creativity in
businesses and industries?
11. How can a business value and report intangible assets like patents, trademarks, and
copyrights in its financial statements?
12. What are the challenges associated with reporting intangible assets on financial statements,
and how can they be addressed?
13. In what ways do patents contribute to the valuation of a company, and how are they reflected
in the financial reporting process?
14. What are the legal consequences of infringing on patents, trademarks, or copyrights in India,
and what remedies are available to the rightful owners?
15. How can businesses protect their intellectual property rights in India, and what steps should
they take to enforce their rights in case of infringement?
