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Recap Zone


              Ð Ð Entrepreneurship is the process of turning a dreamed-up business idea into a reality and owning it.
              Ð Ð The word ‘entrepreneur’ comes from the French word ‘entrependre’ which means ‘to undertake’ or ‘to do something’.
              Ð Ð A startup is defined as the initial phases of a business that can be started by an individual or a group of two or more
                entrepreneurs who believe that a specific service or product is in great demand in the market.

              Ð Ð A barrier is an obstacle that prevents something from happening.
              Ð Ð An attitude, according to the Britannica Dictionary, is the way you feel or think about something or someone.
              Ð Ð Competency is defined as the ability to complete a task successfully and efficiently.
              Ð Ð The journey to understanding our competencies begins with knowing and understanding oneself, i.e., who we are.
              Ð Ð Decisiveness is a person’s ability to make quick and efficient decisions.
              Ð Ð Taking initiative means being able to do things without being told, to persevere when things get tough, and to recognise and
                take advantage of new opportunities when others are unaware of them.
              Ð Ð Interpersonal skills are the ability to communicate and interact effectively with others.



            Solved Exercise



                                                            Section A
                                                     (Objective Type Questions)
            A.  Choose the correct option.
               1.  Which of the following is one of the personal barriers of an entrepreneur?
                 i.  Inadequacy                                    ii.  Inefficiency
                 iii. Self-doubt                                   iv.  Self-motivation
               2.  Name the role of the entrepreneur that deals with determining the location, setting, and design of the premises, as well as
                 the installation of the machinery.
                 i.  Setting up an enterprise                      ii.  Managing an enterprise
                 iii. Resourcing                                   iv.  Feasibility study
               3.  ............................ is the role of the entrepreneur that deals with the estimation of the market potential of their product.
                 i.  Feasibility study                             ii.  Resourcing
                 iii. Growth and Development                       iv.  Building strategic partnerships
               4.  A ............................ is defined as the initial phases of a business that can be started by an individual or a group of two or
                 more entrepreneurs.
                 i.  Business                                      ii.  Feasibility study
                 iii. Startup                                      iv.  Infrastructure
               5.  ............................ is defined as the ability to complete a task successfully and efficiently.
                 i.  Efficiency                                    ii.  Growth and development
                 iii. Competency                                   iv.  Inadequacy


                 Ans.  1. iii   2. i     3. i     4. iii    5. iii





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