Question : Case Study 6: Sustainable Entrepreneurship
Mr. Kumar, an environmentally conscious entrepreneur, founded a company that produces solar-powered gadgets and appliances. His business aims to provide eco-friendly alternatives to traditional electrical appliances, thus reducing the carbon footprint.
Question:
Mr. Kumar's venture aligns with the concept of:
Option 1: Sustainable entrepreneurship
Option 2: Franchise business
Option 3: Import-export business
Option 4: Large-scale manufacturing
Correct Answer: Sustainable entrepreneurship
Solution : The correct answer is (a) Sustainable entrepreneurship
Sustainable entrepreneurship involves creating and running businesses that have a positive impact on the environment and society. Mr. Kumar's company, which produces solar-powered gadgets and appliances with the aim of providing eco-friendly alternatives, falls under the category of sustainable entrepreneurship. The focus on reducing the carbon footprint reflects a commitment to environmental sustainability.
What is the primary goal of Mr. Kumar's business?
Option 1: To produce traditional electrical appliances
Option 2: To promote eco-friendly alternatives
Option 3: To compete with other manufacturers
Option 4: To outsource manufacturing to other countries
Question : Case Study 7: Impact of Entrepreneurship on Employment
Ms. Patel, a successful entrepreneur, founded a chain of boutique hotels in various tourist destinations across the country. Her hotels have not only attracted tourists but also provided job opportunities to the local community.
Ms. Patel's role as an entrepreneur has contributed to:
Option 1: Decreased tourist attractions
Option 2: Increased pollution in tourist destinations
Option 3: Economic development and employment generation
Option 4: Decline in the hospitality industry
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