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Section B (Subjective Type Questions)
              A.  Answer the following questions:
                 1.  What makes entrepreneurs special and how do they contribute to society and the economy?
                 2.  Why is planning and using resources wisely important for the success of an enterprise?
                 3.  How does entrepreneurship help in making products more affordable for everyone?
                 4.  What is the role of entrepreneurship in the economic and social development of a society?
                 5.  What do you mean by risk in a business?
                 6.  Explain the three main goals of a business.
                 7.  What are the essential tasks involved in business activities?
                 8.  Name three types of business activities.
                 9.  Define product-based business. Give examples.

                                                                                                    21 st
              B.  Application-based questions.                                                    Century   #Critical Thinking
                                                                                                    Skills
                 1.   State whether the person engaged in the activity mentioned below is an entrepreneur or an employee.
                                                                                                       [CBSE Handbook]
                    i.  Rahul starts a shop to sell Chaat and special Paani Puri. He is an ............................
                    ii.  Shahid becomes the manager of a dealership selling food products. He is an ............................
                    iii.  Ritu leaves the company  she worked for  and starts catering  food for  marriage  programmes. She is
                       an ............................
                 2.   Samira starts a new business and creates a financial plan that outlines projected revenues, costs, and potential
                    investments for the next year. What characteristic of entrepreneurship is Samira showcasing?
                 3.   State the type of business–product, service or hybrid.                           [CBSE Handbook]
                    i.  Arun bakery, which makes and sells bread to people.
                    ii.  Ram’s repair shop, which repairs motorcycles.

                    iii. Hari’s hair salon, where he cuts hair for women and men.
                 4.   John owns a furniture store where he sells tables, chairs, and other household items. He focuses on producing
                    and selling physical products. What type of business is John running?





































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