Introduction to Incubation
NIOS · Class 10 · Entrepreneurship
Practice quiz for Introduction to Incubation — NIOS Class 10 Entrepreneurship. MCQs and questions with answers to test your preparation.
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Quick Quiz: Introduction to Incubation
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What is a business incubator?
Why did the concept of business incubation emerge in the USA in 1942?
Which was the first business incubator?
What is American Research Development (ARD) known for in the history of incubation?
Sample Questions
Which set of services is provided by a business incubator?
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Physical space, Capital coaching, Networking connections
A business incubator provides physical space, capital coaching, common services and networking connections. These help the entrepreneur start and grow the business.
Which definition is given by the National Business Incubation Association?
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A catalyst tool for either regional or national economic development
NBIA defines business incubators as a catalyst tool for either regional or national economic development.
Which statement matches Sherman and Chappell's definition of business incubators?
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They are economic development tools designed to help create new businesses in a community
Sherman and Chappell describe incubators as economic development tools mainly designed to help create new businesses in a community.
Which services are specifically mentioned in the definition of business incubators by Sherman and Chappell?
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Assistance in developing business and marketing plans, Building management teams, Obtaining capital
The definition includes help in business and marketing plans, building management teams, obtaining capital and access to specialised professional services.
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