Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:

Rashmi went to Paris with her school dance group for an Indian dance performance. After the dance show was over, many people approached her to buy the Indian lehenga. They offered her 5 times the amount she paid as they loved Indian outfits. When Rashmi told this to her sister who lived in Paris, her sister got an idea. She told her father to buy lehengas from India and send it to her so that she could sell them in Paris. Identify the source of idea field from where Rashmi's sister got the idea.

Options:

Service sector idea.

Trading related idea

Natural resources

Creative efforts

Correct Answer:

Trading related idea

Explanation:

The source of the idea field from where Rashmi's sister got the idea is Trading related idea.

Rashmi's sister identified an opportunity to sell Indian lehengas in Paris after seeing the demand for them from the people who attended the dance performance. This is a typical example of a trading-related idea, which involves identifying and exploiting opportunities to buy and sell goods or services in different markets.

The other options are not suitable because:

  • Service sector idea: A service sector idea is an idea for a business that provides services to customers. This does not fit the description of Rashmi's sister's idea, which is to sell lehengas.
  • Natural resources: A natural resource idea is an idea for a business that uses or extracts natural resources. This does not fit the description of Rashmi's sister's idea, which is to sell lehengas.
  • Creative efforts: Creative efforts are ideas that are the result of creative thinking. While Rashmi's sister's idea may have involved some creative thinking, it was primarily based on the observation of a market opportunity.