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:
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
Correct Answer: To promote eco-friendly alternatives
Solution : The correct answer is (b) To promote eco-friendly alternatives
As described in the case study, Mr. Kumar's business aims to provide eco-friendly alternatives to traditional electrical appliances. Therefore, the primary goal is to promote and offer products that are environmentally friendly and contribute to a reduction in the carbon footprint.
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
Question : Case Study 8: Entrepreneurial Innovation
Rohan, a young entrepreneur, noticed the difficulty faced by elderly citizens in his neighborhood while accessing healthcare facilities. He developed a mobile app that connects senior citizens to healthcare professionals who provide home care services, ensuring convenience and quality care for the elderly.
Rohan's app provides an example of:
Option 1: Traditional business model
Option 2: Technological regression
Option 3: Entrepreneurial innovation
Option 4: Stock market investment
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