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ENTREPRENEURSHIP-CLASS XI

TOPIC-ENTREPRENEURSHIP AS INNOVATION AND PROBLEM SOLVING

SUB TOPIC- BUSINESS RISKS AND ROLE OF TECHNOLOGY IN TODAY’S BUSINESS

Sl. No Questions Marks
1. What do you understand by business risks? 1

2. What are insurable risks? 1

3. What are non-insurable risks? 1

4. What does GPS stand for? 1

5. Name some common social media network. 1

6. Difference between internal risk and external risk. 2

7. Explain business intelligence. 2

8. Explain how ‘economic factor’ can be the cause of external risk. 3

9. What is cloud computing? 3

10. Explain the various internal factors which lead to business risk. 4

11 a. Vishakha runs an export unit, which exports handicrafts to 6
the gulf countries. With the gulf countries imposing quota
restrictions on the Indian Government relating to oil
imports, the relationship between these countries has
become strained so much that the Indian Government has
stopped trade with these countries. Which factor is
responsible for the risk faced by Vishakha? Identify the
value violated by the government of gulf countries.
b. Swarna runs a high-end boutique. With growing
competition from readymade clothes, she decided to
venture into the field of e-commerce, trading in the
handicrafts of our country. Suggest to her certain new
technological advancements and also identify any one