Page 102 - AI Ver 1.0 Class 10
P. 102
• Do I have a backup plan in case of a failure?
• What all will be at stake?
Task
Answer the following questions:
1. What are the myths/misconceptions about entrepreneurship?
2. Write the roles of an entrepreneur.
3. What do you mean by the employment generation role of an entrepreneur?
4. Explain the term "Entrepreneurs are born not made".
At a Glance
• An entrepreneur is a person who makes his own business in an innovative manner and bears all the risk in the hope
of gaining much profit and contributing to the economy of the country.
• In the market, people buy products and services created by an entrepreneur.
• Entrepreneur use their creativity to come up with a new business idea that will fulfill the changing demands of the
customers.
• Entrepreneurs take risks in terms of time and money. They put their dreams into action so they need to be optimistic
to see the success of their dreams.
• An entrepreneur uses his knowledge, experience and gathered information to convert his dream into an innovative
venture.
• Entrepreneurs generate employment for both skilled and unskilled labourers by setting up large and small-scale
businesses.
• An entrepreneur does the maximum utilization of resources for the production and management of his business
which plays an important role in the development of any country.
• It is not always a new idea that makes you an entrepreneur. You can take an existing idea and make your own
business out of it.
Exercise
Solved Questions
SECTION A (Objective Type Questions)
uiz
A. Tick ( ) the correct option.
1. Which of the following is the reason of success of an entrepreneur?
a. Hard work b. Good money
c. Good degree d. Smartness
100 Touchpad Artificial Intelligence-X

