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Subjects

Artificial Intelligence

Introduction to entrepreneurship

This Class 9 Artificial Intelligence topic, from the chapter “Entrepreneurial Skills-I,” introduces students to the meaning and purpose of entrepreneurship. They learn how entrepreneurs identify needs or problems, develop useful ideas, create value, and take thoughtful risks while working toward a goal. The topic also builds awareness of initiative, creativity, problem-solving, communication, and responsible decision-making—skills that support innovation and the practical use of technology.

Topic overview

Concept revision

What does opportunity mean in entrepreneurship?

In entrepreneurship, an opportunity is a favourable possibility to satisfy a customer need or solve a problem through a product or service. Option C is correct because it connects an unmet need with a possible business solution.

What type of risk does an entrepreneur generally take?

The governing concept is calculated entrepreneurial risk. An entrepreneur invests resources after considering customer demand, costs, competition, possible returns, and likely difficulties; the outcome is not guaranteed, but the decision is planned rather than random.

What should an entrepreneur identify first before starting a business?

The governing business principle is that a viable enterprise begins with a real customer need or problem. By identifying what people require, an entrepreneur can design a useful product or service, estimate demand, and test whether customers may pay for it.

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