Page 83 - Artificial Intellegence_v2.0_Class_11
P. 83
Exercise
Solved Questions
SECTION A (Objective Type Questions)
uiz
A. Tick ( ) the correct option.
1. What is the process of developing a business plan, starting and running a business with innovation, meeting
customer needs and generating profits called?
a. Entrepreneurship b. Capitalism
c. Democracy d. Entrepreneur
2. A is a detailed plan of what entrepreneurs want to achieve in a company and how to achieve it.
a. plan b. Community plan
c. business plan d. Either a or b
3. is an exercise entrepreneurs do to understand if there is a market for what they have to offer.
a. Competition survey b. Population survey
c. Both a and b d. Surveying customers
4. After starting a business, entrepreneurs need to think about how to continue to and grow by
adding value to their business for attracting customers.
a. adjust b. improve
c. grow d. plan
5. Business idea can be a product, service, or .
a. Dynamic model b. Eco model
c. Hybrid model d. All of these
6. means understanding a situation or problem by asking questions like why, what,
when, how, and investigating the situation or the reason for the problem.
a. Critical Thinking b. Creative Thinking
c. Analytical Thinking d. Logical Thinking
7. Which needs are met through different products or services, but customers are not completely
satisfied and still have problems using them?
a. Fulfilled needs b. Unfulfilled & known needs
c. Unknown needs d. Partially fulfilled needs
8. If an idea is innovative and the way it is implemented is also innovative, the growth opportunities
of the business will .
a. decrease b. increase
c. Neither a or b d. Both a and b
Entrepreneurial Skills-III 81

