Entrepreneurship, Module-1 - Practice Mode

1) How does Market Scan help with running a business?
Correct Answer: All of these
Explanation:

.

2) You want to sell toys. What should you do before starting your business?
Correct Answer: Find out what children like
Explanation:

Copper sulfate is a toxic chemical and can be harmful if ingested or inhaled in large amounts. It can also cause skin and eye irritation. It is important to use proper safety precautions when handling copper sulfate and to follow any instructions or guidelines provided by the manufacturer. 

3) Why is a market scan conducted?
Correct Answer: All of these
Explanation:

A universal surface gauge is a tool used to scribe a line parallel to a surface. It consists of a base plate with a scribe or pointer that can be adjusted to a specific height. The scribe is held in place by a clamp or snug, which keeps the scribe securely against the base plate and prevents it from moving during use. The scribe can be adjusted to different angles, depending on the surface being marked, and the base plate can be moved along the surface to mark a continuous line.

4) Geetha wants to start a tailoring shop (boutique). Her trainer asked her to do a market scan. Geetha should do the market scan of ____________?.
Correct Answer: Tailoring shops
5) Lakshmi plans to start a beauty parlour. What kind of information should she NOT collect in the Market Scan?
Correct Answer: Information on clothes and shoes