■ Types of business
■ Entrepreneurial Development
■ Objectives of Entrepreneurship
■ Difference between Business and
A Business is described as a
ongoing activity in which
people engage in economic
activity with the Intention of
making a profit through the
,purchase , and sale of goods
4. TYPES OF BUSINESS
■ Manufacturing Business: Manufacturing business source products that can
be used as raw materials , with the intention of converting these materials to
make an end product.
■ Service Business: A company that provides services to its clients is known as
a service business. Transportation, cleaning, travel, hospitality, maintenance,
and consultation are a few examples of service business.
■ Merchandising Business: One of the most common business types is a
merchandising company. A company that buys finished goods and resells them
to customers is known as a merchandiser.
■ Hybrid Business: Combining various organizational patterns to create goods
and/or services is what is meant by a hybrid business model.
5. QUICK RECAP
QUES-1 Cleaning job comes in which type of business?
QUES-2 How is manufacturing and merchandising businesses
are different from each other?
Entrepreneurship is the process of
identifying an opportunity and
turning it into a venture. An
entrepreneur is a person who
undertakes risk to start a business
of his/her own
Entrepreneurship development is
the process of strengthening the
skills and knowledge of budding
and existing entrepreneurs by
handholding them during their
7. Objectives of Entrepreneurship
Assisting entrepreneurs in undergoing the process of entrepreneurship.
Developing the motivational needs of entrepreneurs.
Supporting entrepreneur in creating effective business plans.
Providing incubation and acceleration to new ideas.
Aiding in the availability of technology or raw material.
Ensuring the infrastructure is adequate for entrepreneurial activities.
Providing financial assistance from banks and other financial institutions.
8. Difference between Business and
■ Starts business from an existing idea or
■ Focuses on cooperation.
■ Stays safe.
■ Profit oriented.
■ Hire people to increase business
■ A Market player.
■ Starts business from his own unique idea or
■ Focuses on cooperation.
■ Innovative and Revolutionary.
■ Risk taker and Accountable.
■ ,People (i.e., employee customer, public )
■ Hire people to give them productivity.
■ A Market leader.
11. 1 . . A COMPANY THAT BUYS FINISHED
GOODS AND RESELLS THEM TO
CUSTOMERS IS KNOWN AS A
A. Manufacturing Business. B. Hybrid
C. Merchandising Business. D. None of these.
12. 2.WHICH IS NOT THE OBJECTIVES OF
ENTREPRENEURSHIP DEVELOPMENT :
A. Developing the motivational does not need of entrepreneurs.
B. Supporting entrepreneur in creating effective business plans.
C. Aiding in the availability of technology or raw material.
D. Providing incubation and acceleration to new ideas.
Ans. Developing the motivational does not need of
13. 3.WHO IS KNOWN AS MARKET PLAYER:-
A. Doctor. B. Entrepreneur.
C. Businessman. D. Politician.
14. 4. : COMBINING VARIOUS ORGANIZATIONAL
PATTERNS TO CREATE GOODS AND/OR
SERVICES IS DONE IN:
A . Hybrid Business. B. Service Business.
C. Manufacturing Business. D. Merchandising
Ans. Hybrid Business.`
15. 5. A BUSINESS IS DESCRIBED AS A :-
A. Ongoing activity. B. Economic activity.
C. Social activity. D. None of these.
Ans. Ongoing activity.
16. 6. WHICH OF THESE IS NOT A TYPE OF
A. Small business entrepreneurship.
B. Scalable entrepreneurship.
C. Large scale entrepreneurship.
Ans. Small business entrepreneurship.
17. 7. THE PROCESS OF CREATING SOMETHING NEW IS
A. Creative flexibility. B. Management.
C. Business. D. Innovation.