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6. What do you think is the biggest challenge of an entrepreneur?
7. What is the market status of an entrepreneur?
8. Susan is an MBA graduate in Sales and Marketing and now wants to start her own business. Her father is a cab driver
and she neither has money to invest in her business nor wants to take any loan. She wants to go into a service business.
Can you suggest some service businesses where with less investment she can start her own business?
9. What are the key differences between product and service-based businesses? [NCERT]
10. What is the definition of organisation in the context of entrepreneurship?
B. Competency-based/Application-based questions: #Problem Solving & Logical Reasoning
1. State whether the person engaged in the activity mentioned below is an Entrepreneur or an Employee. [NCERT]
a. Rahul starts a shop to sell Chaat and special Paani Puri. He is an ……….……................ .
b. Shahid becomes the manager of a dealership selling food products. He is an ……….……................ .
c. Ritu leaves the company she worked for and starts catering food for marriage programmes. She is an ……….…….................
2. State the type of business–product, service or hybrid. [NCERT]
a. Arun bakery, which makes and sells bread to people.
b. Ram’s repair shop, which repairs motorcycle.
c. Hari’s hair-salon, where he cuts hair for women and men.
#Experiential Learning
Lab Activity
1. Make a presentation on "Important features of a Successful Entrepreneur.”
2. Make a collage on "Entrepreneurs in Education.”
3. Make a list of the types of business around you in your locality.
4. Divide the above list into Service, Product, and Hybrid categories.
5. Make a list of the possible Hybrid businesses available in the Food Industry.
Entrepreneurial Skills-I 83

