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5. These are needs that are met through different products or services, but customers are not completely satisfied and
still have problems using them.
a. Fulfilled Needs b. Partially Fulfilled Needs
c. Unfulfilled and Known Needs d. Unknown Needs
B. Fill in the blanks.
1. do not even require a shop to sell the product.
2. Once you know the products and sales destinations, the next steps are to estimate the it will take
to start a business.
3. means finding different and creative ways to overcome difficulties and always thinking about
achieving the goal no matter what happens along the way.
4. Open-mindedness means being open to trying new things and being open to take from others.
5. means growing your business by attracting more customers.
C. State whether the following statement is True or False.
1. Knowing your interests and aptitude is certainly important for entrepreneurs.
2. An entrepreneur should set ambitious yet realistic goals.
3. Developing a business idea depending on the seasons is not good for the entrepreneur.
4. Entrepreneurs should ensure that the needs of customers are met by the products or services
offered by them.
5. Creativity means being artistic or being good at drawing.
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. Do you think that an entrepreneur should be willing to take risks? Why/Why not?
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?
Entrepreneurial Skills-III 85

