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4.   "Surveying customers is an exercise entrepreneurs do to understand if there is a market for what they have to offer."
                       Elaborate.
                   Ans.   Through surveying, entrepreneurs try to find out if they meet the needs of their customers and also understand what
                       their preferences are. Surveying customers is one of the most effective ways to find out what customers want. Surveying
                       can be done by talking directly to customers and asking them questions. Entrepreneurs are directly responsible for
                       ensuring that the needs of customers are met by the products or services offered by them. In business, it is very
                       important to understand exactly what most customers want.

                     5.  Explain how perseverance and confidence make an entrepreneur successful?
                   Ans.   Perseverance means not giving up and continuing even when difficult situations arise. There are many challenges
                       involved while running a business. A responsible entrepreneur overcomes these challenges, learns from them, and
                       moves on, no matter what. Entrepreneurs need to stay optimistic and motivated when things get tough. While working
                       hard, an entrepreneur also needs to think about improvement and growth. Perseverance doesn't mean doing the same
                       process over and over again. It means finding different and creative ways to overcome difficulties and always thinking
                       about achieving the goal no matter what happens along the way.  Confidence means believing in yourself and your
                       approach. Confidence helps business owners take the first step to start a new business, and then try new things to grow
                       their business. It encourages entrepreneurs to continue even if they fail. Confidence also encourages business owners
                       to visit customers and seek feedback on their products or services. Feedback helps entrepreneurs further improve and
                       grow their businesses

                 C.   Competency-based/Application-based question.                        #Ethical & Moral Reasoning
                    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?

                   Ans.  Perseverance, positive, open mindedness and stay motivated.













































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