Class 9 Employability Skills
Unit 4 Entrepreneurship Skills NCERT Book Solution
Session 1: What is Entrepreneurship?
Check Your Progress
A. Multiple-choice questions. Read the questions carefully and circle the letter (a), (b), (c) or (d) that best answers the question.
1. Business is a (an) _________ activity.
(a) social
(b) economic
(c) hazardous
(d) selling
Answer: (b) economic
2. What is the aim of entrepreneurship?
(a) Earn a profit
(b) Solve customers’ needs innovatively
(c) Both of the above
(d) None of the above
Answer: (c) Both of the above
B. Short answer question
1. List three businesses seen around you. Share details of what the business does, and how they run it.
Answer: Do it by Yourself
C. Read the following statement and write “Yes” or “No” as to whether the person is an entrepreneur or not.
| Statement | Yes/No | |
| 1. | Ravi made tea for his friends in the office. Everyone liked the tea very much and told him that he is very good at making tea. | |
| 2. | Savita, a house wife, needs extra money for her kids’ tuition. She notices that in the afternoon, the children coming out of a nearby college look tired and hungry. She makes refreshing Neembu Pani and samosas and sells them to the students. | |
| 3. | Rahul loves dogs. He plays with dogs of his friends’ family. One day when they were going out-of-station, they asked Rahul to take care of their dog. Rahul thought that this was a good idea, “taking care of dogs when the owner is traveling”. He started his own company which is like a “hotel for dogs”. When the dog-owners travel, they leave their dogs at this hotel and pay the company money for each day they take care of the dog. Is Rahul an entrepreneur? | |
| 4. | Monica noticed that her neighbours used to face a problem. They had to leave their young baby behind when they went for work. Monica started going to this house in the evening to take care of the baby for them. Her neighbours were very happy and used to give her chocolates for doing that. |
Answer: 1. No, 2. Yes, 3. Yes, 4. No
Session 2: Role of Entrepreneurship
Check Your Progress
A. Short answer question
Answer the following questions in your own words.
1. Gulab lives in a small village in Rajasthan. She noticed that all the women in her village were good at making paintings and handicraft product. She collected money and started a business. Gulab would help the women to get material from cities and support them in making latest designs. She would then arrange for these paintings and handicraft products to be sold in big cities. How do you think Gulab, is helping her society as an entrepreneur?
Answer: Yes
2. Give examples of three entrepreneurs you know who live around you. Write how they are helping your city?
Answer: DIY
Session 4: Distinguishing Characteristics of Entrepreneurship and Wage Employment
Check Your Progress
A. Fill in the blanks
1. State whether the person engaged in the activity mentioned below is an Entrepreneur or an Employee
(a) Rahul starts a shop to sell Chaat and special Paani Puri. He is an __________
Answer: Entrepreneur
(b) Shahid becomes the manager of a dealership selling food products. He is an __________
Answer: Employee
(c) Ritu leaves the company she worked for and starts catering food for marriage programmes. She is an _____.
Answer: Entrepreneur
B. Short answer questions
1. List any four characteristics of entrepreneurship.
Answer: Characteristics of entrepreneurship are –
- Ability to take up risks
- Believe in hard work and discipline
- Adaptable and flexible to achieve the goals of enhancing quality and customer satisfaction
- Knowledge of the product and services and their need or demand in the market
- Financial literacy and money management skills
- Effective planning and execution
2. List any two characteristics of wage employment.
Answer: Characteristics of Wage employment are –
- Wage employment does not involve too much risk.
- Continuity of the service depends on the terms and conditions laid down in the contract between employee and employer.
3. Name any one factor that is common to both entrepreneurship and wage employment on a contract basis.
Answer: They both work to make money.
Session 5: Types of Business Activities
Check Your Progress
A. Fill in the blanks
State the type of business — product, service or hybrid
1. Arun Bakery, which makes and sells bread to people.
Answer: Product
2. Ram’s repair shop, which repairs motorcycles.
Answer: Service
3. Hari’s hair salon, where he cuts hair for women and men.
Answer: Service
B. Short answer question
1. What are the 3 types of business activities? Explain with examples.
Answer: Three types of business activities are –
- Product business: A business where a seller and buyer exchange an item, which can be seen and touched, is called a product-based business. For example, a Sports Shop.
- Service business: A business where a seller helps the buyer to finish some work. For example, a cricket coaching center.
- Hybrid business: A hybrid is the one where the business is doing both selling product and selling services. Amit starting a coaching centre for coaching and selling books & notes.
Session 6: Product, Service and Hybrid Businesses
Check Your Progress
A. Fill in the blanks
1. Write P- Product, S- Service, and H- Hybrid for the following businesses.
(a) Ice cream seller:
Answer: Product
(b) Restaurant/Cafeteria Owner:
Answer: Hybrid
(c) Car-driving School owner:
Answer: Service
B. Short answer questions
1. What are the key differences between product- and service-based businesses?
Answer: Key differences are
| Keys | Product Business | Service Business |
| Seen & Touched | Product can be seen and touched. | Service cannot be seen or touched. |
| Stored | A product can be made and stored in a shop or a warehouse | A service, for example, cutting hair, cannot be stored. |
| Make & Transported | A product can be either made at home or in a factory. It can be transported. | A service cannot be made or transported. |
| Same quantity and quality | The quality and quantity of the product will be the same every time. | The quality and quantity of a service can be different at different times |
2. If you had a choice to start a business of your own, which business will you start (include in your reply the product or service that you would like to take up)? Why do you want to start this type of business?
Answer: As per my choice, I want to start a service business, because it requires less money and gives maximum profit.
The answer to this question is vary student to student.
3. What is the meaning of manufacturing and trading-based business?
Answer: Manufacturing Business: In this business, products are made in factories or homes, and sell that product.
Trading-based business: In a trade business, they buy the product from the manufacturer and sell it to a retailer or customer.
Session 7: Entrepreneurship Development Process
Check Your Progress
A. Match the following
| Column A | Column B |
| 1. Business idea | A. Arun goes to the bank to get loan for the shop. |
| 2. Get money | B. Arun and Shyam are thinking about selling tea in front of their school. |
| 3. Customer needs | C. Arun and Shyam decide to sell tea along with free biscuits. |
| 4. Attract customers | D. Shyam takes his tea samples to customers to understand their taste preferences |
Answer:
1. — B,
2. — A,
3. — D,
4. — C
B. Short answer questions
1. My customers are not buying my food product because they do not like the flavour of it. What step of the business should I follow next?
Answer: Step you need to follow:
- Understanding customer needs: You need to follow customer like and wants.
- Improving Product: You need to improve the product quality as per customer needs.
2. Write the four steps of entrepreneurship development. Give one example.
Answer: Four steps of entrepreneurship development are –
- (a) Business Idea
- (b) Getting money and material
- (c) Understanding Customer needs
- (d) Improving Product/Service
