WorksheetsES TEST 9
Total questions: 50
Worksheet time: 25mins
Name
Class
Date
1.
How does Market Scan help with running a business?
a)
Gives an idea about the customers
b)
Helps understand about other similar business
c)
Helps in making the business plan
d)
All of these
2.
You want to sell toys. What should you do before starting your business?
a)
Design the toys
b)
Find out what children like
c)
Build a factory
d)
Hire salespeople
3.
Why is a market scan conducted?
a)
To understand customer needs
b)
To explore how to grow the business
c)
To check what the competitors are offering
d)
All of these
4.
Geetha wants to start a tailoring shop (boutique). Her trainer asked her to do a market scan. Geetha should do the market scan of _____________.
a)
Beauty Parlours
b)
Tailoring shops
c)
Packaging companies
d)
—
5.
Lakshmi plans to start a beauty parlour. What kind of information should she NOT collect in the Market Scan?
a)
Information on clothes and shoes
b)
Information on types of customers
c)
Information on cost of materials for the beauty parlour
d)
Information on shop location and rent
6.
Customers' needs can be understood through ____________.
a)
Customer Survey
b)
Selling
c)
Talking to our family
d)
Customer service
7.
An Entrepreneur needs to maintain good _______ with his customers.
a)
Communication
b)
Relationship
c)
Behavior
d)
Friendship
8.
Why do customers like a product or service?
a)
Good Price
b)
Good Quality
c)
Feel of the product or service
d)
All of these
9.
Shilpa wants to start a soap-making company. What kind of questions should she NOT ask her customers?
a)
Which types of soaps do you buy?
b)
Do you like to eat chats?
c)
How much do you pay for soap?
d)
Do you use soap?
10.
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?
a)
Loan from Banks
b)
Buying products from others
c)
Search how to advertise the product
d)
Research on products & services that customers are currently using
11.
Product and service are two things that can be sold. Product is what can be seen, touched and used. Service is what we _______.
a)
Buy from vegetable shop
b)
Feel, Experience and Enjoy
c)
Pay with Gpay
d)
Do not enjoy
12.
Product is an object that can be____________.
a)
Seen
b)
Touched
c)
Seen, Touched and Used
d)
Used
13.
Sharvan serves as a delivery agent delivering tomatoes from a farmer to a company that makes tomato sauce. What is Sharvan’s job?
a)
Seller
b)
Service Provider
c)
Buyer
d)
Distributor
14.
Select the example of a service from the options.
a)
Masala Dosa
b)
Mobile Repair
c)
Water Bottle
d)
Chicken Kebab
15.
Select the example of a product from the options.
a)
Home painting
b)
Parlour service
c)
Shirt
d)
Bike repair
16.
A business idea should ________________.
a)
Satisfy only my needs
b)
Fulfill customer needs or solve their problems
c)
Save the world
d)
None of these
17.
A good business idea for a young or new entrepreneur should be sustainable. This means __________.
a)
It is easy to use
b)
It has many details
c)
It has budget
d)
It is planned for the present and future business growth
18.
A good business idea should be_________.
a)
very common
b)
a short term plan
c)
very expensive to start a business
d)
unique, sustainable & low on investment
19.
Low investment business plan means ________
a)
The plan is a new idea
b)
The plan needs a small amount to start a business
c)
The plan should be simple
d)
The plan should start immediately
20.
Unique Selling Proposition or USP of a business plan refers to _________.
a)
A special budget for the business
b)
A new customer for the business
c)
A special or different idea for a business
d)
An old business is updated
21.
A ______ is a document with complete strategy for the business.
a)
Strategy Report
b)
Action Plan
c)
Business plan
d)
Stakeholder Report
22.
_____ is not a part of a good business plan.
a)
Weather Report
b)
Marketing Strategy
c)
Customer Analysis
d)
Budget
23.
______ is about the competition in the online or offline market.
a)
People Analysis
b)
Competitor Analysis
c)
Customer Analysis
d)
Budget plan
24.
How can we understand what customers want?
a)
By doing research on customer needs
b)
By advertising the business
c)
Selling a new product
d)
By moving to a new business
25.
________ part of a business plan has details of money related details of the whole business.
a)
Product Details
b)
Customer Analysis
c)
Business Succession Plan
d)
Costing
26.
A _______ is a short and effective presentation to describe the business.
a)
Customer Analysis
b)
Communication
c)
Return on Investment
d)
Business Pitch
27.
A business pitch is presented to investors who helps us with _____, _____, and _____.
a)
Customer and Quality
b)
Money, Resources, and Mentoring Support
c)
Plan and Marketing
d)
Profit and Loss
28.
Who can support Entrepreneurs by providing business schemes and loans at low interest rates?
a)
Customers
b)
Startup Investors
c)
Banks
d)
Friends
29.
Shyna wants to start a masala powder business. She is presenting a business pitch to the bank manager. How long should her business pitch be?
a)
2 to 3 mins
b)
10 mins
c)
15 mins
d)
1 min
30.
In a business, the money involved in building a product is called________.
a)
Cost
b)
Profit
c)
Price
d)
Discount
31.
A small business run by a single person is called as ______.
a)
Multinational Unit
b)
Partnership
c)
Sole Proprietorship
d)
Private Limited
32.
Bindu has started a small auto repair shop. She is the only person managing the business. Which kind of business it is?
a)
Partnership
b)
Private Limited
c)
Multinational Unit
d)
Sole Proprietorship
33.
_____ is the ministry in the Govt. of India that forms and implements the rules and regulations for enterprises in India.
a)
MSDE
b)
MSME
c)
NIMI
d)
DGT
34.
Which document is not required to complete UDYAM/MSME registration?
a)
PAN Card
b)
Aadhar Card
c)
Income Tax Return
d)
Blood Certificate
35.
Rahim is filing tax for the first time for his business. Which of these elements are NOT needed for filing tax?
a)
Birth Certificate
b)
PAN Card
c)
Aadhar Card
d)
Income Tax Return
36.
Price is an important part of marketing. Price means __________
a)
Marketing
b)
Rate of a product in rupees
c)
Promotion
d)
Raw Materials
37.
Sahil is giving festival offers, free samples and price discounts at the opening of his business. This is called ______.
a)
Market scan
b)
Packaging
c)
Promotion
d)
Selling
38.
Marketing helps the customer to learn about
a)
Price
b)
Availability
c)
Special Discounts
d)
All of these
39.
Which among the following is not a part of 7P’s of marketing.
a)
Product
b)
Packaging
c)
Price
d)
Pickles
40.
Tom wants to start a shop for selling books, pens etc. Which is the best location to have his shop?
a)
Near college and schools
b)
Near the river
c)
At his house
d)
Near fish market
41.
Total cost is equal to ?
a)
Variable Cost + Discount
b)
Investment + Fixed Cost
c)
Variable Cost + Fixed cost
d)
Fixed Salary + ROI
42.
_____ cost increases or decreases depending on how much we produce or sell.
a)
Variable
b)
Fixed
c)
Total
d)
Maintenance
43.
Preeti is renting a kitchen to run a Paratha Shop, The rent of the kitchen is ____ cost?
a)
Variable
b)
Total
c)
Fixed
d)
Admin
44.
______ is the money we invest in producing a product or service.
a)
Business revenue
b)
Product Cost
c)
Product Price
d)
Business Pitch
45.
Mani is a painter and he buys new brushes and tins for painting. What type of cost it is?
a)
Total Cost
b)
Fixed Cost
c)
Variable Cost
d)
Maintenance
46.
The word funding means ________.
a)
Money for shopping
b)
Saving and Spending
c)
Money to start a business
d)
Bank account
47.
A ______ is a new business, which later grows into a big company
a)
NSIC
b)
Parlours
c)
Hotels
d)
Start Up
48.
_____ supports entrepreneurs to get loans under several schemes in district level.
a)
National small industries corporation (NSIC)
b)
District Industry Centres (DIC)
c)
SIDO
d)
SSLC
49.
Prem wants to start a shop. He can apply for ____ loan to have benefits.
a)
Home
b)
MUDRA
c)
Education
d)
Car
50.
Seema plans to open a hotel and has applied for a MUDRA Loan. What must she submit as part of her loan MUDRA loan application?
a)
Her resume
b)
A business plan
c)
Vacation plan
d)
An essay
100 %
