EMP-CHAP-7

1.What is Entrepreneurship?

• Starting a new Career
• Managing Career
• Running your own business
• Supporting a Business person

2.Qualities of a strong entrepreneur are ---------

• Learning from Failures
• Building relationship with customers
• Working hard
• All of the above

3.What are the qualities of an entrepreneur that a self-employed person also needs to have?

• Creative Thinking
• Problem Solving
• Customer Service
• All of the above

4.Market scan covers-----------------

• Analyze customer needs and anticipate competitive actions
• Understaning the Business market
• Customer interaction
• Market research

5.Roopa wants to start a new business. But she is not sure which product she should choose to start her business. What will be her basic research to finalize her product?

• Loan from Banks
• Buying products from others
• Search how to advertise the product
• Reserach on products & services that customers are currently using

6.Select the example of a service from the options.

• Masala Dosa
• Mobile Repair
• Water Bottle
• Chicken Kabab

7.Unique Selling Proposition or USP of a business plan refers to                  

• A special budget for the business
• A new customer for the business
• A special or different idea for a business
• An old business is updated

8.A             is a document with complete strategy for the business

• Strategy Report
• Action Plan
• Business plan
• Stakholder Report

9.In a business,           is the money involved to build a product.

• Cost
• Profit
• Price
• Discount

10.Any small business run by a single person is called as            .

• Multinational Unit
• Partnership
• Sole Proprietorship
• Private Limited