What are some of the qualities of a strong entrepreneur?

Building relationship with customers

Pooja started a food court that was very successful with many customers. After a year, the number of customers decreased. What should Pooja do to solve this problem?

Collect the Feedback from the Customers

Self - Employment means .

Freelancing or running a business rather than working for an employer

Working for an employer at a fixed monthly income

Only focusing on earning profits

How does Market Scan help with running a business?

Gives an idea about the customers

Helps understand about other similar business

Helps in making the business plan

Why is a market scan conducted?

To explore how to grow the business

To check what the competitors are offering

Lakshmi plans to start a beauty parlour. What kind of information should she NOT collect in the Market Scan?

Information on clothes and shoes

Information on types of customers

Information on cost of materials for the beauty parlour

Information on shop location and rent

Shilpa wants to start a soap-making company. What kind of questions should she NOT ask her customers?

Which types of soaps do you buy?

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?

Reserach on products & services that customers are currently using

Search how to advertise the product

A business idea should .

Fulfill customer needs or solve their problems

A good business idea for a young or new entrepreneur should be sustainable. This means .

It is planned for the present and future business growth

A good business idea should be .

unique, sustainable & low on investment

very expensive to start a business

Low investment business plan means

The plan needs a small amount to start a business

The plan should start immediately

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

A special or different idea for a business

A special budget for the business

A new customer for the business

How can we understand what customers want?

By doing research on customer needs

A business pitch is presented to investors who helps us with , , and .

Money, Resources, and Mentoring Support

Employability Skills - 1st Year 396-466

Authored by pranesh ranjan

Professional Development

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70 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurship means .

Starting a new career

Managing career

Running your own business

Supporting a business person

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the duties of an entrepreneur?

Talking to customers

Managing finances and budgets

Managing the business

All of these

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the BEST definition of profit?

The total amount of money a business makes from selling goods or services.

The money a business owner spends on personal expenses.

The revenue or earnings which remain with the business owner, after all the costs are paid.

The total amount of money a business earns before paying taxes.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Pratibha wants to start a Biriyani Hotel. What will she need first?

Business plan

Name Board

Food Items

Kitchen Equipments

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Shaheen wants good chefs to work in her hotel. What is an effective way to hire them?

By reaching out other hotel staffs

By advertising the job

By asking his relatives

None of these

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most important skill needed to be a successful entrepreneur?

Earning money

Giving up on failure

Having an Entrepreneuria l Mindset

Expanding markets

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An Entrepreneur can help the society by .

Seeking new opportunities

Marketing the product

Working with a team

Creating job opportunities

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Employability Skills - 1st Year 396-466

Entrepreneurship means .

What are the duties of an entrepreneur?

Which of the following is the BEST definition of profit?

Pratibha wants to start a Biriyani Hotel. What will she need first?

Shaheen wants good chefs to work in her hotel. What is an effective way to hire them?

What is the most important skill needed to be a successful entrepreneur?

An Entrepreneur can help the society by .

What are some of the qualities of a strong entrepreneur?

Pooja started a food court that was very successful with many customers. After a year, the number of customers decreased. What should Pooja do to solve this problem?

Raju wants to start a Textile shop. What should he do first?

Access all questions and much more by creating a free account

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Popular Resources on Wayground

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