Understanding Incubation and Entrepreneurship Week 2 Answers
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Table of Contents
Understanding Incubation and Entrepreneurship Week 2 Answers (July-Dec 2025)
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Question 1. Why is mentorship or hand-holding often essential for early-stage entrepreneurs?
a) It guarantees instant profits
b) It helps deal with self-doubt and navigate challenges
c) It eliminates the need for a team
d) It replaces product development
Question 2. Which of the following best represents an entrepreneurial mindset?
a) Waiting for instructions
b) Avoiding feedback
c) Turning problems into new opportunities
d) Sticking only to safe ideas
Question 3. What can increase the chances of success in a startup journey?
a) Ignoring customer needs
b) Learning continuously and adapting through experience
c) Focusing only on international markets
d) Refusing to change your original idea
Question 4. Why is starting small often a smart approach for entrepreneurs?
a) It limits business growth permanently
b) It avoids competition entirely
c) It guarantees instant profits
d) It allows testing, learning, and adapting before scaling
Question 5. What does a strong support system or mentorship provide to early-stage founders?
a) More investors
b) Protection from market competition
c) Confidence, guidance, and clarity during uncertain times
d) A shortcut to success
Question 6. What makes a business idea truly impactful?
a) Its relevance to real-world needs and user problems
b) Its ability to entertain
c) Its popularity on social media
d) Its complex branding
Question 7. Why is developing an entrepreneurial mindset valuable, even beyond business?
a) It ensures high exam scores
b) It limits career options
c) It encourages fear and hesitation
d) It builds confidence, action, and adaptability
Question 8. Which of the following is a clear indicator that a startup is ready to scale?
a) The team has created a product prototype but hasn’t validated it yet
b) The startup is adding features based on internal brainstorming sessions
c) The company has validated product-market fit and is now growing revenue and users consistently through repeatable processes
d) The founders have secured initial seed funding and hired a designer
Question 9. According to the customer discovery process, what should founders avoid during early conversations?
a) Active listening
b) Pitching the product or giving demos
c) Asking open-ended questions
d) Documenting conversations
Question 10. Why is it not advisable to develop a feature just because a few users request it?
a) It might cost too much
b) It could reduce customer retention
c) It may not reflect the broader market need
d) It contradicts the founder’s visions
These are Understanding Incubation and Entrepreneurship Week 2 Answers