FY->Module-9 : Entrepreneurship - Practice Mode

1) How does Market Scan help with running a business?

Gives an idea about the customers Helps understand about other similar business Helps in making the business plan All of these

Correct Answer: All of these

2) You want to sell toys. What should you do before starting your business?

Design the toys Find out what children like Build a factory Hire salespeople

Correct Answer: Find out what children like

3) Why is a market scan conducted?

To understand customer needs To explore how to grow the business To check what the competitors are offering All of these

Correct Answer: All of these

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 ____________?.

Restaurants Beauty Parlours Tailoring shops Packaging companies

Correct Answer: Tailoring shops

5) Lakshmi plans to start a beauty parlour. What kind of information should she NOT collect in the Market Scan?

Information on clothes and shoes Information on types of customers Information on cost of materials for the beauty parlour Information on shop location and rent

Correct Answer: Information on clothes and shoes

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