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SECTION B (Subjective Type Questions)
                 A.   Short answer type questions.

                     1.   What problems are faced by an entrepreneur while starting a business?
                     2.   Write a short note on Entrepreneurship.

                     3.   Is it possible to understand the competitors in the market?
                     4.   What are the principles to be considered while improving and growing business to add value to it so as to attract
                          customers?
                     5.   Explain how estimating the amount of material required is important for business planning.

                 B.   Long answer type questions.

                     1.   Explain the four types of customer needs.
                     2.   What are some of the ways most entrepreneurs use to solve problems?

                     3.   Differentiate between trading business and manufacturing business.
                     4.   What values does the entrepreneur have?                                                 [NCERT]
                          a.   Rohit runs a special hair salon in Bidar. Young boys come to him and ask him to give a Justin Beiber haircut.
                             Rohit doesn’t know about this haircut so he searches on the Internet and finds the pictures.
                             What value does Rohit have?
                          b.   Shalu makes special Indian snacks and goes door-to-door in her town to sell it to different people. Only 1 in 10
                             people to whom she goes, buys her products.
                             What value does Shalu have?

                     5.   What values does a successful entrepreneur have? Write any three values, with examples.    [NCERT]


                 C.   Competency-based/Application-based question:                    #Problem Solving & Logical Reasoning
                     Suppose you want to start a venture by creating an AI model that will predict crop yield based on the amount of fertilizers
                     used. List 2 challenges that you are likely to face.


                                                                                           #Communication
                             Lab Activity



                          1.     Conduct a research on any 2 Indian entrepreneurs who are well known and even have been enlisted as
                               richest entrepreneurs in the Forbes magazine. Present their success story in your class thereafter.
                          2.     Suppose you want to become an Entrepreneur in the future. Discuss with your classmates what business
                               ideas would you take up and what challenges you might face and how you would cope with those.




                 Answers


                 Exercise (Section A)
                 A.  1. a    2. c    3. d    4. b    5. c    6. a    7. d    8. b    9. c    10. a
                 B.  1. Confidence   2. offers               3. customer     4. Unknown      5. service
                 C.  1. False        2. True                 3. False        4. False        5. True
                 D. 1. c     2. d    3. a    4. e    5. b


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