ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Shark Tank is a reality TV program that allows entrepreneurs to pitch their business ideas to a panel of potential investors. However, for the entrepreneur, Shark Tank is really a:
A
promotional tool
B
investment strategy
C
product development tactic
D
focus group experience
Explanation: 

Detailed explanation-1: -The show is the Indian franchise of the American show Shark Tank. It shows entrepreneurs making business presentations to a panel of investors or sharks, who decide whether to invest in their company.

Detailed explanation-2: -Exposure to Shark Tank can “tip the scale” towards becoming an entrepreneur, rather than not. Your Business Famous”. to negotiate money-making deals, and how they’ve used the spotlight to their advantage”. Overall, we find an increase in the number of new businesses after the introduction of the TV show.

Detailed explanation-3: -Every Shark Tank pitch starts with contestants asking for a specific amount of money in exchange for a specific percentage of ownership in their business. That establishes their proposed valuation.

Detailed explanation-4: -Build a business, not an idea. Submit your application. Invest in your video. Build a killer pitch. Practice makes perfect. Embrace your personality throughout. Be patient. It starts with the first step. More items

There is 1 question to complete.