CBSE Class 12 Entrepreneurship Entrepreneurial Opportunity Worksheet Set 03

Official Class 12 Entrepreneurship Worksheets: Entrepreneurial Opportunity

Access printable practice worksheets for Entrepreneurial Opportunity designed to align with the 2026-27 academic syllabus for Class 12 Entrepreneurship. These structured exercises help students evaluate their conceptual understanding and improve exam readiness.

Chapter-wise Practice Material: Entrepreneurial Opportunity

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 Entrepreneurial Opportunity
 
1 What is business opportunity?
 
2 Before selecting the business opportunity, what does an entrepreneur required to ensure? Give any two points.
 
3 “An opportunity may be derived from the needs and problems of the society”. Comment.
 
4 Raman Arora of Punjab had an idea of producing non-stick pan made from clay and a clay refrigerator that works without electricity. He went through the process of studying the pros and cons of manufacturing the product before he had launched it, Name the stage in ‘The Creative Process’ described in the above lines.
 
5 To provide a rational basis for developing goals and strategies for business growth an entrepreneur must do environmental scanning. What are the different sources to collect information for environmental scanning?
 
6 Hina was manufacturing beauty products and was always on the lookout to improvise her products. She used social media and online surveys to understand the latest trend in customers’ needs and overall in the cosmetic industry. Through the surveys she understood that the customers prefer natural ingredients like rose powder in place of chemicals in the beauty products. Responding to the customers’ needs, she developed a ‘rose powder’ in an attractive package. It was highly priced as she knew that the customers will be ready to pay for the quality. Her face pack was an instant success.
Identify the ‘way’ in which Reena spotted this trend.
 
7 Before identifying a feasible product or process, an idea should be tested along certain parameters which involve a number of steps. Explain the first four steps.
 
8 Dristi Ltd. decided to manufacture mobile phones with a new feature. It will have an inbuilt button which when pressed will extend into a selfie stick enabling the customers to click selfies easily without the need to carry a separate selfie stick. Identify two PESTEL factors which enabled Dristi Ltd, to bring out this new feature.
 
9 What is meant by Sensing Entrepreneurial Opportunities? Explain the important factors involved with suitable examples.
 
10 It is the process of entrepreneurship which involves the translation of a useful idea into an application which has commercial value”. Identify the process and explain the elements of this process.
 
11 Suppose you have to introduce new toilet soap in the market, what environmental factors you will take into account?
12 Briefly explain any four benefits of understanding the business environment relevant to an
enterprise.
 
13 Dr. Charak retired as professor from department of Horticulture and Bio-tech Institute. He worked there for 30 years. During his stint with the institute, he came across many herbs that had healing medicinal properties but were untapped due to limited knowledge. A workaholic by nature, Dr. Charak decided to use his experience in preparing alternative healing powders for common ailments by mixing various herbs. His medicines will not have much any side effects and will be safe for consumption. He used tulsi, neem, ashwagandha, jatamansi, bhringraj and many such herbs for his preparation. His company was named ‘Aayu charak’. As the people are turning to natural and organic products, his products became a hit.
 
(i) Identify the idea field explored by Dr. Charak for his venture.
(ii) With the help of ‘Enterprise Process Diagram’ show how Dr. Charak converted his idea into a business venture.
(iii) Explain any two other idea field with example which can be a source for idea generation.
 
14 kumar belongs to a farmer’s family. One day a team of officials from the local block development office visited his village for discussing additional opportunities related to agriculture. The team discussed with the villagers how to develop fishery. The team explained about the technique of construction of ponds and the modern technology of growing fishes. The team also informed that the state agriculture department will provide loan at an interest rate of 2% per annum to the farmers who will engage themselves in the occupation and will also help the farmers in the in the marketing of fishes. Kumar decided to engage himself in the fishery occupation.
Identify the ‘Idea field’ that helped kumar to engage himself in the fishery occupation.
 
15 Gunjan has just passed her senior secondary examination from a CBSE affiliated school. She wanted to start her own business but was unable to decide about the nature of the business. One day during the morning walk her grandfather fell down in the park and was injured. She observed that her grandfather often forgets to take his medicine. She thought that the same problem may be faced by other people. She thought to develop an instrument for old people that could be fitted with an electronic device connected to the mobile phones of the members of their family which could indicate the location of the old people when they go outside their homes.This device was to be kept in their pockets. She also thought to fit a timer in the instrument that could remind the old persons about the time of taking their medicines.
Identify and state the meaning of the concept described in the above para that helped Gunjan in structuring her idea for solving the problem.


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Entrepreneurial Opportunity Practice Sheet and Solutions for Class 12 Entrepreneurship

Entrepreneurial Opportunity Printable Worksheet for Class 12 Entrepreneurship

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FAQs

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You can download the teacher-verified PDF for CBSE Class 12 Entrepreneurship Entrepreneurial Opportunity Worksheet Set 03 from StudiesToday.com. These practice sheets for Class 12 Entrepreneurship are designed as per the latest CBSE academic session.

Are these Entrepreneurship Class 12 worksheets based on the 2026-27 competency-based pattern?

Yes, our CBSE Class 12 Entrepreneurship Entrepreneurial Opportunity Worksheet Set 03 includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 12.

Do you provide solved answers for CBSE Class 12 Entrepreneurship Entrepreneurial Opportunity Worksheet Set 03?

Yes, we have provided detailed solutions for CBSE Class 12 Entrepreneurship Entrepreneurial Opportunity Worksheet Set 03 to help Class 12 and follow the official CBSE marking scheme.

How does solving CBSE Class 12 Entrepreneurship Entrepreneurial Opportunity Worksheet Set 03 help in exam preparation?

Daily practice with these Entrepreneurship worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 12 students get more marks in CBSE exams.

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