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Subjects

Home Science

Entrepreneurship: definition and characteristics

This Class 11 Home Science topic introduces entrepreneurship as the process of identifying opportunities, organising resources and creating value through a product, service or enterprise. Students explore the meaning of an entrepreneur and key characteristics such as initiative, creativity, innovation, calculated risk-taking, decision-making, leadership and perseverance. Linked to Work, Livelihood and Career, it helps learners understand how entrepreneurial thinking can support self-employment, livelihoods and career choices, including opportunities related to home science.

Hard · Level 1 · 25 questions

Practice questions

01If a person sees a local problem and starts a new service centre with limited resources, what is it an example of?

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02Checking market demand before taking risk by an entrepreneur shows what type of risk?

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03If an entrepreneur improves a product from customer complaints, which quality is clear?

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04In which situation is an entrepreneur's adaptability most clearly seen?

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05What is the benefit of including goals resources and possible risks in a business plan?

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06Which option gives the most complete definition of entrepreneurship?

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07If an entrepreneur only copies and does not understand new customer needs, which quality is weak?

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08For an entrepreneur choosing priorities with limited capital is related to which skill?

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09If a new need appears in the market and the entrepreneur first tests it on a small scale, what does it show?

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10Making a product without understanding customer need can cause which problem?

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11In which situation is an entrepreneur's accountability most clear?

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12If an entrepreneur improves service quality after observing competition, which approach is shown?

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13In which situation does an entrepreneur's creativity take practical form?

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14What does an ethical entrepreneur consider even while earning profit?

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15If an entrepreneur analyses causes after failure and tries again, which quality is shown?

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16What may be affected first if products are not delivered on time in an enterprise?

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17Using local skills and materials by an entrepreneur can be linked with which benefit?

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18For correct pricing in business what should an entrepreneur balance?

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19If an entrepreneur takes every decision without information, what is the main risk?

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20Explaining work to new employees by an entrepreneur is related to which characteristic?

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21Which example clearly shows the relation between entrepreneurship and self-employment?

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22If an entrepreneur looks only at profit and ignores customer safety, which aspect is weak?

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23Changing a service based on customer feedback indicates which ability of an entrepreneur?

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24If an entrepreneur creates a useful solution for customers even with limited money, which quality is shown?

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25In which situation is an entrepreneur's social responsibility seen?

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