Page 89 - Design Thinking C11

II. Fill in the blanks.
1. helps business owners take the first step to start a new business, and then try new things to grow
their business.

2. Another way to grow your business is to provide some to your customers.
3. In surveys, you go directly to your customers and talk to them
4. needs are needs that people have but are not aware of or expect to be addressed by a business.
5. A business activity that you can't see, but that benefits the buyer, is called a .

III. State True or False.
1. Another important reason for having a plan is to set ambitious, yet realistic goals. These goals demotivate the
entrepreneur.

2. Every entrepreneur has certain unique qualities that make him successful.
3. Perseverance is a thought process through which an entrepreneur can come up with multiple solutions to
improve his business.
4. Open-mindedness means coming up with ideas that others have not thought of before.

5. Knowing your interests and aptitude is certainly important for entrepreneurs.

IV. Match the following:
1. Scale-up a. Trading Business
2. Business idea b. not giving up

3. Local chemist c. attracting more customers
4. Competitive surveys d. solution

5. Perseverance e. observe & ask others
V. Short answer type questions.

1. What is the importance of business planning?
2. Explain any 2 values possessed by successful entrepreneurs.
3. What do you mean by the attitude of an entrepreneur?

VI. Long answer type questions.
1. While starting a new business, what questions should the entrepreneur think of?

2. List any 2 ways of developing a business idea.
3. What are the differences between the attitude of Entrepreneurs and Employees?

4. "Surveying customers is an exercise entrepreneurs do to understand if there is a market for what they have to
offer." Elaborate.

5. Explain how perseverance and confidence make an entrepreneur successful?
21 st #Entrepreneurship
VII. Competency-based question. Century #Productivity & Accountability
Skills
Mamta has started a small business selling ready made lady garments online. However, she is just managing to
make ends meet – profit margin is very less. Which values would you suggest to Mamta to turn her business into
a successful venture?

Entrepreneurial Skills-III
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