Session 7: Entrepreneurship Development Process
Unit 4: Entrepreneurship Skills
Textual Question-Answers
Check Your Progress
A. Match the following
Column A Column B
1. Business idea–A. Arun goes to the bank to get loan for the shop
2. Get money–B. Arun and Shyam are thinking about selling tea in front of their school
3. Customer needs–C. Arun and Shyam decide to sell tea along with freebiscuits
4. Attract customers–D. Shyam takes his tea samples to customers tounderstand their taste preferences
Ans:
Column A — Column B
1. Business idea — B. Arun and Shyam are thinking about selling tea infront of their school
2. Get money — A. Arun goes to the bank to get loan for the shop
3. Customer needs — D. Shyam takes his tea samples to customers tounderstand their taste preferences
4. Attract customers — C. Arun and Shyam decide to sell tea along withfree biscuits
B. Short answer questions
1. My customers are not buying my food product because they donot like the flavour of it. What step of the business should I follownext?
Ans: I should understand customer needs and improve or change theflavour of the product based on their feedback.
2. Write the four steps of entrepreneurship development. Give oneexample.
Ans: The four steps of entrepreneurship development are identifying abusiness idea, understanding customer needs, arranging money and resources, and attracting customers.
For example, starting a tea stall by first planning the idea, asking peopleabout taste preferences, arranging money for materials, and offering goodquality tea to attract customers.
