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CLASS XII
Shiksha Kendra, 2, Community Centre, Preet Vihar, Delhi-110 301 India
Entrepreneurship 
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CLASS XII
Shiksha Kendra, 2, Community Centre, Preet Vihar, Delhi-110 301 India
Entrepreneurship 
Page 3


CLASS XII
Shiksha Kendra, 2, Community Centre, Preet Vihar, Delhi-110 301 India
Entrepreneurship 
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ENTREPRENEURSHIP
Class-XII
Shiksha Kendra, 2, Community Centre, Preet Vihar, Delhi-110 301 India
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CLASS XII
Shiksha Kendra, 2, Community Centre, Preet Vihar, Delhi-110 301 India
Entrepreneurship 
E E
E N
E T
E R
E E
E P
E R
E E
E N
E E
E U
E R
E S
E H
E I
E P
ENTREPRENEURSHIP
Class-XII
Shiksha Kendra, 2, Community Centre, Preet Vihar, Delhi-110 301 India
E
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Entrepreneurship Class XII
FIRST EDITION 2002 CBSE, Delhi, India
REVISED EDITION 2003 
REPRINT 2004 CBSE, Delhi, India
REPRINT 2007 CBSE, Delhi, India
REPRINT 2008 CBSE, Delhi, India
REPRINT 2011 CBSE, Delhi, India
 2014 CBSE, Delhi, India
PUBLISHED BY : The Secretary, Central Board of Secondary Education 
Shiksha Kendra, 2, Community Centre, 
Preet Vihar, Delhi-110301
DESIGN & LAYOUT : Multi Graphics, 8A/101, W.E.A. Karol Bagh, 
New Delhi-110005, Phone: 011 - 25783846
PRINTED BY :
CBSE, Delhi, India
REVISED EDITION
No Part of this publication may be reproduced, stored in a 
retrieval system or transmitted, in any form or any means, 
electric, mechanical photocopying, recording or otherwise 
without the prior permission of the publisher.
Page 5


CLASS XII
Shiksha Kendra, 2, Community Centre, Preet Vihar, Delhi-110 301 India
Entrepreneurship 
E E
E N
E T
E R
E E
E P
E R
E E
E N
E E
E U
E R
E S
E H
E I
E P
ENTREPRENEURSHIP
Class-XII
Shiksha Kendra, 2, Community Centre, Preet Vihar, Delhi-110 301 India
E
E
E
N
E
T
E
R
E
E
E
P
E
R
E
E
E
N
E
E
E
U
E
R
E
S
E
H
E I
E
P
Entrepreneurship Class XII
FIRST EDITION 2002 CBSE, Delhi, India
REVISED EDITION 2003 
REPRINT 2004 CBSE, Delhi, India
REPRINT 2007 CBSE, Delhi, India
REPRINT 2008 CBSE, Delhi, India
REPRINT 2011 CBSE, Delhi, India
 2014 CBSE, Delhi, India
PUBLISHED BY : The Secretary, Central Board of Secondary Education 
Shiksha Kendra, 2, Community Centre, 
Preet Vihar, Delhi-110301
DESIGN & LAYOUT : Multi Graphics, 8A/101, W.E.A. Karol Bagh, 
New Delhi-110005, Phone: 011 - 25783846
PRINTED BY :
CBSE, Delhi, India
REVISED EDITION
No Part of this publication may be reproduced, stored in a 
retrieval system or transmitted, in any form or any means, 
electric, mechanical photocopying, recording or otherwise 
without the prior permission of the publisher.
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FAQs on Entrepreneurship (CBSE Textbook) Class 12

1. What is entrepreneurship?
Ans. Entrepreneurship refers to the process of creating, developing, and managing a new business venture with the aim of making a profit. It involves identifying opportunities, gathering resources, taking risks, and organizing and managing the business activities.
2. How is entrepreneurship different from a traditional job?
Ans. Entrepreneurship differs from a traditional job in several ways. In a traditional job, individuals work for someone else and receive a fixed salary or wages. In entrepreneurship, individuals create their own business and take full responsibility for its success or failure. They have the freedom to make decisions and set their own goals and strategies. Unlike traditional jobs, entrepreneurship offers the potential for higher rewards, but also involves higher risks and uncertainties.
3. What are the key characteristics of a successful entrepreneur?
Ans. Successful entrepreneurs possess several key characteristics. They are often innovative and creative, constantly looking for new ideas and opportunities. They are risk-takers who are comfortable with uncertainty and are willing to take calculated risks. They have strong leadership and management skills, as they need to effectively manage their business and team. They are resilient and adaptable, able to learn from failures and bounce back from setbacks. Additionally, successful entrepreneurs are persistent, hardworking, and have a strong passion for their business.
4. What are the various sources of funding for entrepreneurs?
Ans. Entrepreneurs have access to various sources of funding to start or expand their business. Some common sources include personal savings, family and friends, bank loans, venture capital firms, angel investors, and crowdfunding platforms. Each source of funding has its own advantages and disadvantages, and entrepreneurs need to carefully evaluate and choose the most suitable option based on their business needs and circumstances.
5. What are the key factors that contribute to the success of an entrepreneurial venture?
Ans. Several factors contribute to the success of an entrepreneurial venture. These include having a clear business idea and value proposition, conducting thorough market research and analysis, identifying and targeting the right customer segment, developing a strong business plan, having a competitive advantage, effectively managing resources and finances, building a strong team, adapting to market changes, and continuously innovating and improving the business. Additionally, factors such as networking, mentorship, and access to markets and distribution channels can also play a crucial role in the success of an entrepreneurial venture.
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