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Unsolved Exercise
Section A
(Objective Type Questions)
A. Choose the correct option.
1. Business owners need to ................................ all possible businesses to find out what is available in the market.
i. check ii. examine
iii. survey iv. review
2. ................................ is a thought process through which an entrepreneur can come up with multiple solutions to improve
his business.
i. Problem-solving ii. Challenge facing
iii. Creativity iv. Attitude
3. Business owners can improve their business by improving the ................................ of the products or services offered to
their customers.
i. quantity ii. quality
iii. service iv. All of these
4. ................................ is fundamental to business growth. It helps to create a vision for a well-established business.
i. Quality ii. Quantity
iii. Service iv. Planning
5. Before starting a business, another important step is understanding ................................ in the market for the same
products or services they offer.
i. survey ii. needs
iii. creativity iv. competitors
B. Fill in the blanks.
1. ................................ do not even require a shop to sell the product.
2. Once you know the products and sales destinations, the next steps are to estimate the ................................ it will take to
start a business.
3. ................................ means finding different and creative ways to overcome difficulties and always thinking about
achieving the goal no matter what happens along the way.
4. Open-mindedness means being open to trying new things and being open to take ................................ from others.
5. ................................ means growing your business by attracting more customers.
C. State whether the following statements are true or false:
1. An entrepreneur is a person who tries to satisfy his own needs through unique ideas. ...............
2. Entrepreneurs always focus solely on market demand and needs. ...............
3. Confidence encourages entrepreneurs to continue even if they fail. ...............
4. Entrepreneurs should ensure that the needs of customers are met by the products or services
offered by them. ...............
5. Creativity means being artistic or being good at drawing. ...............
SECTION B
(Subjective Type Questions)
A. Short answer type questions.
1. What problems are faced by an entrepreneur while starting a business?
2. Write a short note on Entrepreneurship.
90 Touchpad Web Applications-XI

