Page 88 - Design Thinking C11

I. Multiple Choice Questions.
1. What is the process of developing a business plan, starting and running a business with Solved Questions
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

9. Which among the following businesses is involved in developing the raw materials into finished products to
meet the needs of its customers?
(a) entrepreneurship (b) trading (c) manufacturing (d) service
10. Independence means the ability to and the self-confidence to make decisions.
(a) work alone (b) work in a team (c) not work at all (d) work with a partner

Design Thinking and Innovation XI
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