Class – 9th
Subject : Information Technology (402)
Book : Employability Skills
U-4 Entrepreneurial Sklls
Class Test Answer
Fill in the blanks
1) A business is defined as a continuous activity, where economic action are taken by human with objective of earning profit.
2) An entrepreneur is a person who undertakes risk to start a business of his / her own.
3) Entrepreneurship is the process of identifying an opportunity and turning it into venture.
4) In case of wage employment, there are always two parties. One is known as the employer and the other is the employee.
5) A business where seller helps the buyer to finish some work is called service business.
6) A business where seller and buyer exchange an item which can be seen and touched is called product based business.
7) A hybrid is the one where business is doing both selling product and selling services.
8) Steps to start a business is –(1) Business idea (2) Getting money and material , (3) understanding customer need (4) Improving Product / service .
9)An entrepreneur need to have qualities i.e. patience, positivity, hardworking and confidence .
10) Examples of service businesses are teaching , legal advice and plumbering .
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