Entrepreneurship skills - Revision

A traditional _______________ person runs his venture like most others.

• entrepreneur

• business

• man

• trader

An _________________________ uses unique ways of doing business.

• trader

• business

• entrepreneur

• field person

Entrepreneurship is a process of developing a business

plan, launching and running a business using ______________

to meet customer needs and to make a profit.

• innovation

• products

• rights

• prices

In this form of business, the finished

product can be directly sold to the customer. Which business?

• finished

• service

• trading

• manufacturing

A trading business does not ________________

a good or product but only facilitates the

act of bringing the finished goods from

the manufacturing unit to the buyer or

customer.

• buy

• manufacture

• sell

• purchase

_________________ do not have a fixed time and it is

flexible as per the demands of the customers.

• Manufacture

• Services

• Trader

• Entrepreneur

Services

do not even need a shop to sell their _______________.

• papers

• files

• products

• handouts

Values are _________________ and principles which make a person

think and act in a certain way.

• feelings

• basics

• rights

• qualities

An entrepreneur’s ability to overcome difficulties determines

his or her ability to be ____________________.

• proud

• successful

• profit

• interest

The internal ____________________, which allows an entrepreneur

to overcome these doubts are called 'values'.

• motivation

• fear

• feelings

• fear