Saturday, 14 December 2019

Curved seam

Plain Seam

Employbility Skills Class XI - Entrepreneurship Skills

Entrepreneurship Skills

Q1: What is business?
-      Business is an economic activity which is related with continuous and regular production and distribution of goods and services for satisfying human wants.
-      Businesses can be for- profit entities or non- profit organizations.
-      Businesses cater to the needs of the society.

Q2: Who are entrepreneurs?
-     An entrepreneur is a person who is self- employed, is willing to take a calculated risk and brings in a new idea idea to start a business. But all self- employed persons are not entrepreneurs. A shopkeeper can be called as an entrepreneur if he introduces a new method or idea to sell his products.
-    An entrepreneur is an individual who understands the gap between what is needed and what is available. He uses the gap as an opportunity to take risk and fill the gap by providing necessary products and services.

Q3: What is entrepreneurship?
-     Entrepreneurship is the process of developing a business plan, launching and running a business using innovation to meet customer needs and to make a profit.

Q4. What is an enterprise?
-    An enterprise is a project or undertaking that is bold and fulfills a need of the society which no one has ever addressed.