TECHNO QUIZ 1

INDUSTRY

A group of companies producing similar products or services, often characterized by their primary business activities.

DOMAIN

A specific area of knowledge, expertise, or focus. It can also refer to a particular environment or context in which businesses operate.

PROBLEM SPACE

The set of challenges or issues in a particular area that offers opportunities for solutions or innovations.

MARKET

A set-up where buyers and sellers interact to exchange goods, services, or information, often facilitated by a physical or virtual platform

MARKET NEED

It is an unmet or poorly addressed demand or consumer desire in a particular market.

SECTOR

is a broad classification of the economic activities based on similar business interests or activities.

MARKET RESEARCH

Process of gathering, analyzing, and interpreting information about a market, including information about potential customers, competitors, and the industry

INDUSTRY INSIGHTS

Deep understandings or revelations about a specific sector or market based on research and analysis.

HISTORICAL MACRO TRENDS

Past patterns of change or movement in a market over a specific period.

MACRO TRENDS

Large-scale, overarching trends that affect industries and populations over an extended period.

URBANIZATION

process where people move from rural areas to cities in search of better opportunities and amenities. It's driven by factors like jobs, education, and lifestyle.

TECHNOLOGICAL TRENDS

Patterns in the development and adoption of new technologies over time.

DEMOGRAPHY

study of populations, focusing on the structure, distribution, and trends within human groups. It examines characteristics of populations, like age or gender birth, marriage, and death rates

CAGR (COMPOUND ANNUAL GROWTH RATE)

a way to measure the average yearly growth rate of an investment over multiple years.

PROBLEM STATEMENT

A clear and concise description of a specific issue or challenge that needs addressing.

PRIMARY DATA

Data collected directly from original sources, typically for a specific research purpose.

SECONDARY DATA

Data previously collected for another purpose and reused for a different research objective.

METROPOLIS

Large, important cities that are the main centers of population, commerce, and cultural activities.

R&D (RESEARCH AND DEVELOPMENT)

Activities undertaken by companies or institutions to innovate and introduce new products or services

MIGRATION

The movement of people from one place to another, often for economic, social, or environmental reasons.

PSYCHOGRAPHY

the analysis of a person's character, personality traits, or psychological makeup

M&A (MERGERS AND ACQUISITIONS)

the process of combining (merging) or purchasing (acquiring) different companies.

UNICORNS

Startups or young companies valued at over $1 billion, typically in the tech or digital sectors. Rare and hard to find

PRIVATE SECTOR

The part of the economy that is run by individuals and companies for profit and not controlled by the state.

Bootstrapping, Love Money, Angel Investor, Venture Capital, Bank Loan

Ways to get funding