Entrepreneurial Opportunities Case Study Questions for CBSE Class 12 Entrepreneurship Chapter 1

Entrepreneurial Opportunities Case Study Questions for CBSE Class 12 Entrepreneurship Chapter 1

Here we are providing case study questions for CBSE Class 12 Entrepreneurship Chapter 1 Entrepreneurial Opportunities. All chapters are covered.

Entrepreneurial Opportunities Case Study Questions

Case Study Question 1:

Read the following article written on the basis of reopening of economy world wide in various sectors and answer the questions form 1-5.

E-Commerce -The pandemic has given rise to a “homebody economy”, as households make more use of online orders to avoid crowds. Across Europe’s largest e-commerce markets – France, Germany, and the UK – purchase behaviour has evolve(D)According to a May study by Kantar, $9 \%$ of shoppers make more online purchases than before; $60 \%$ say they will continue to shop online after the outbreak; and $80 \%$ say they will shop online again for nonessential items. Gaming – The pandemic has accelerated existing trends within the gaming industry, such as the way gamers purchase and consume, moving from packaged games to downloadable content. Another indicator of this shift, mobile apps in general have skyrocketed during the crisis and are expected to account for $48 \%$ of the global games market this year, according to Newzoo’s April study. Automotive industry – As consumers regain the ability to travel in a postlockdown world, they’ll also be more concerned with how to commute safely. Despite being caught in the grip of the Covid-19 pandemic, the automotive industry has been a surprising early riser post-confinement. Marketers have quickly realised that more consumers are exploring car ownership now that they want to reduce their use of public transport. Blogging – Confined to their homes, most people have resorted to creating their own blogging services related to every field Home cooks have emerged successfully
creating their own reels. Many ready to cook food companies have resorted to advertising their products through these influential bloggers.
Finance – In the early stages of Covid-19, finance, and especially insurance services, saw a huge spike in page views as consumers wanted to ensure the safety and health of their families. Following the global financial uncertainty, consumer behaviour has shifted from a “now” mindset to one that prioritises the future – thinking more about how to invest and protect savings. As this crisis continues to evolve, finance will likely continue to be a high priority, and brands have started to identify the current mood and concerns of their customers through feedback, observations and are deciding as to how best to address them. Source: Trendspottingexchange4media.com; June, 2020.

Q. 1. ‘Cook-it-fast’ – a growing ready to cook product manufacturing company was looking into various means of advertising their products. The marketing team suggested approaching an influential food blogger who can use their products in their recipes. Which way of trend spotting does this indicate?
(A) Read Trend
(B) Talk Trend (C) Watch Trend
(D) Think Trend

Ans. Option (A) is correct.
Explanation: Entrepreneurs regularly read the leading publications and visit websites affecting their business.

Q. 2. “Play your way” a leading game developer company realised that they have to redevelop and enhance their app experience after reading the above article and listening to customer reviews as well observing the pattern of people downloading

and using the “In Purchase Facilities” within the app. Which way of trend spotting does this indicate?
(A) Read Trend
(B) Talk Trend
(C) Watch Trend
(D) Think Trend

Ans. Option (D) is correct.

Q. 3. “According to a May study by Kantar, 9% of shoppers make more online purchases than before; $60 \%$ say they will continue to shop online after the outbreak; and $80 \%$ say they will shop online again for non-essential items.” Which way of trend spotting does this indicate?
(A) Read Trend
(B) Talk Trend
(C) Watch Trend
(D) Think Trend

Ans. Option (B) is correct.
Explanation: Entrepreneurs get involved in specific industry’s trade association and in attending events and in talking to customers both online and offline. They also take advantage of social networking tools like LinkedIn and Facebook.

Q.4. “Marketers have quickly realised that more consumers are exploring car ownership now that they want to reduce their use of public transport.” Which way of trend spotting does this indicate?
(A) Read Trend
(B) Talk Trend
(C) Watch Trend
(D) Think Trend

Ans. Option (C) is correct.
Explanation: Entrepreneurs go out in the market place to see what customers want.

Q. 5. “As this crisis continues to evolve, finance will likely continue to be a high priority, and brands have started to identify the current mood and concerns of their customers through feedback, observations and are deciding as to how best to address them.” Which way of trend spotting does this indicate?
(A) Read Trend
(B) Talk Trend
(C) Watch Trend
(D) Think Trend

Ans. Option (D) is correct.
Explanation: Entrepreneurs absorb and think about what they have read, heard and observed. They start making connections and observations which lead to business boosting insight.

Entrepreneurship Case Study Questions

• Resource Mobilization Case Study Questions for CBSE Class 12 Entrepreneurship Chapter 6
• Entrepreneurial Planning Case Study Questions for CBSE Class 12 Entrepreneurship Chapter 2
• Entrepreneurial Opportunities Case Study Questions for CBSE Class 12 Entrepreneurship Chapter 1
• Enterprise Marketing Case Study Questions for CBSE Class 12 Entrepreneurship Chapter 3
• Enterprise Growth Strategies Case Study Questions for CBSE Class 12 Entrepreneurship Chapter 4
• Case Study Questions for CBSE Class 12 Entrepreneurship
• Business Arithmetic Case Study Questions for CBSE Class 12 Entrepreneurship Chapter 5

Syllabus (Units)

Unit 1: Entrepreneurial Opportunities

Unit 2: Entrepreneurial Planning

Unit 3: Enterprise Marketing

Unit 4: Enterprise Growth Strategies

Unit 5: Business Arithmetic

Unit 6: Resource Mobilization

Chapter List

1. Entrepreneurial Opportunities
2. Entrepreneurial Planning
3. Enterprise Marketing
4. Enterprise Growth Strategies
5. Business Arithmetic
6. Resource Mobilization

Entrepreneurship CBSE Class 12

The syllabus is divided into six units: (i) Entrepreneurial Opportunities (ii) Entrepreneurial Planning (iii) Enterprise Marketing (iv) Enterprise Growth Strategies (v) Business Arithmetic (vi) Resource Mobilization