Session 5: Types of Business Activities
Unit 4: Entrepreneurship Skills
Textual Question-Answers
Check Your Progress
A. Fill in the blanks
State the type of business – product, service or hybrid
1. Arun bakery, which makes and sells bread to people …………….
Ans: Arun bakery, which makes and sells bread to people ………. Product ……….
2. Ram’s repair shop, which repairs motorcycle ……………….
Ans: Ram’s repair shop, which repairs motorcycle ………. Service ……….
3. Hari’s hair-salon, where he cuts hair for women and men ………………..
Ans: Hari’s hair-salon, where he cuts hair for women and men ………. Service ……….
B. Short answer question
1. What are the 3 types of business activities? Explain with examples.
Ans: Product-based business sells physical goods, such as a bakery sellingbread.
Service-based business provides services, such as a repair shop or hairsalon.
Hybrid business offers both products and services, such as a restaurant that sells food and provides dining service.
