1) Why did Farah decide to open her own dressmaking shop after working in two large dress shops? Farah had worked in two large dress shops in town but was keen to start her own business. She felt that customers were constantly asking about her unique designs and how she made them. a) She enjoyed the experience of being her own boss and did not want to work for someone else. b) She saw a business opportunity to offer dressmaking lessons as many customers had asked her how she made her designs. c) Her father encouraged her to take over the family business. d) She was dissatisfied with the work environment in the large dress shops. 2) Why did Dulip want to plant two trees for every tree cut down in his timber business? Dulip, concerned about the environmental impact of his timber business, decided to plant two trees for every tree cut down. a) To maximize profits from each tree cut. b) To increase his timber production quickly. c) To reduce costs on buying more land. d) To ensure sustainability and avoid damaging the environment. 3) What type of support did Farah's father provide her when starting her dressmaking business? When Farah decided to start her dressmaking shop, her father provided $5000 toward her total startup costs. a) He helped her manage the business. b) He offered mentorship in running a business. c) He rented space for her shop. d) He provided a financial investment. 4) Dulip visited several furniture-making companies before starting his timber business. What was his primary objective in doing so? Before starting his timber business, Dulip visited furniture-making companies to understand their needs and find out what type of wood they wanted to buy. a) To establish business partnerships with these companies. b) To find out which types of wood were in demand so he could produce accordingly. c) To seek investment for his business. d) To hire workers for his timber business. 5) Farah encountered high costs when trying to rent shop premises in the city center. What type of challenge is this an example of? When Farah was looking for a location for her dressmaking shop, she considered that the city center was a goof location premises were expensive, but she decided a cheaper, out-of-town location. a) Difficulty finding skilled employees. b) Competition from other dress shops. c) High initial fixed costs related to renting business premises. d) Lack of demand for her products. 6) Why did Farah consider learning bookkeeping herself instead of paying for an accountant? Farah realized that hiring an accountant would cost her $2000 per year. a) She wanted to save the $2000 cost of hiring an accountant. b) She wanted to attract more customers by offering financial advice. c) It would allow her to expand her shop faster. d) She wanted to avoid paying taxes. 7) Why did Dulip decide to start a timber business instead of working for another company? Dulip lives in a country rich in natural resources and decided to start a timber business because he wanted to be independent and had identified a demand for timber in the furniture industry. a) He wanted more control over his working life. b) He didn’t want to work for a large corporation. c) He saw a profitable opportunity in selling timber. d) All of the above. 8) Why did Rama Karaturi start his rose-growing business? Rama started his business after discovering that Bangalore had a limited supply of roses, which were in high demand, especially during festivals. a) He noticed a gap in the market for roses in Bangalore. b) He wanted to become the first exporter of roses from India. c) He wanted to diversify his family’s existing business. d) He wanted to import roses from abroad. 9) What is the primary business function responsible for securing Farah’s bank loan to help finance her shop’s startup costs? Farah needed to secure a bank loan to cover her startup costs, including renting shop premises and purchasing materials. a) Operations b) Finance c) Human Resources d) Marketing 10) Why did Dulip visit furniture shops before starting his timber business? Dulip visited furniture shops to understand which types of wood were popular and in demand so that he could supply the right kind of timber to furniture manufacturers. a) To recruit workers for his business. b) To seek business partners for the venture. c) To buy materials for his business. d) To gather market research on popular wood types. 11) What sector of the economy does Farah’s dressmaking business operate in? Farah’s business involves making and selling dresses and offering dressmaking lessons to customers. a) Primary b) Secondary c) Tertiary d) Quaternary 12) What was the environmental strategy that Dulip adopted for his timber business? a) Cutting down fewer trees each year. b) Only exporting timber to countries with lower environmental regulations. c) Planting two new trees for every tree cut down. d) Selling timber only to eco-friendly furniture makers. 13) What did Farah’s father contribute to her business when she was starting it? Farah’s father supported her by giving her ideas about a social media platform. a) He helped manage the business. b) He helped with designing dresses. c) He provided a financial investment. d) He gave her advice on marketing. 14) Why did Dulip choose to hire three workers to help him in his timber business? Dulip needed help in growing and cutting down trees. a) To help with the physical labor of growing and cutting down trees. b) To handle the administrative work of the business. c) To manage his marketing and sales efforts. d) To ensure the company ran smoothly. e) To help with the physical labor of growing and cutting down trees. 15) Why did Rama decide to expand his rose-growing business by purchasing a large rose grower in Kenya? Rama wanted to expand his business by acquiring additional production capacity to meet the growing purchases of roses. a) To reduce his operational costs. b) To enter the wholesale flower market. c) To shift focus to exporting roses. d) To expand production and meet demand. 16) What challenge did Farah face when choosing the location for her dressmaking business? Farah considered opening her dressmaking shop in the city center, but she looked for a cheaper, less busy, out-of-town location. a) She had difficulty finding a shop in the city center. b) She was unable to find employees in the city center. c) City center shop rents were too expensive for her budget. d) She could not get permission to open a shop in the city center. 17) How did Dulip secure the capital needed to start his timber business? Dulip arranged a meeting with a bank to cover most of the capital he needed. a) He raised funds by selling some of his assets. b) He secured a bank loan to finance his startup costs. c) He received investment from furniture manufacturers. d) He used his personal savings for the entire amount. 18) Why did Rama Karaturi believe his rose-growing business would succeed? Rama was confident in the success of his rose-growing business because he observed high purchases of flowers in India, especially during festivals. a) He had exclusive access to a new rose variety. b) He identified a growing market for roses during festivals and a lack of local suppliers. c) He had government support to promote flower exports. d) He saw an opportunity to sell flowers internationally. 19) What benefit does Dulip expect by starting his own business instead of working for a company? Dulip decided to start his own timber business because he wanted more control, over the business, and to take advantage of the resources available in his country. a) He could delegate all tasks to employees. b) He would have greater control over decision-making and profits. c) He wanted to avoid working with others. d) He was offered a forest at a discounted price. 20) Why was it important for Farah to differentiate her dressmaking business from competitors? Farah planned to differentiate her dressmaking shop from competitors because customers frequently asked how she created her designs. a) She wanted to offer a wider variety of products. b) She noticed that many customers were interested in learning how to make dresses. c) She wanted to compete with established dress shops by offering lower prices. d) She wanted to expand into other cities quickly.

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