State whether the following statements are ‘true’ or ‘false’.
(a) Environment scanning is required to convert an idea into an opportunity.
(b) Innovation is an indication that will help the entrepreneur to understand the market and produce goods or provide services in sync with the market needs, demand and taste.
(c) Start up finance is the capital required by an entrepreneur for conducting research at pre commercialization stage.
(d) Proforma investment decisions relates to how the enterprise funds are required in different assets so that the enterprise is able to earn the highest possible returns on investment.
(e) The Cash Conversion Cycle is the length of time between a firm’s purchase of inventory and the receipt of cash from accounts receivable
(f) B & H is a leading advertising firm. They recruit new graduates through college placements. During an interview, a student was asked to list the four rules for planning any advertising activity, he replied that the following is required: Aim, Target, Desire, Competitors.
(g) During mergers and acquisitions the value of the combined entity is expected to be greater than the sum of the independent values of the merging firms.
