Q.16: How does Market Scan help with running a business?
A) Gives an idea about the customers
B) Helps understand about other similar business
C) Helps in making the business plan
D) All of these ✅
Q.17: You want to sell toys. What should you do before starting your business?
A) Design the toys
B) Find out what children like ✅
C) Build a factory
D) Hire salespeople
Q.18: Why is a market scan conducted?
A) To understand customer needs
B) To explore how to grow the business
C) To check what the competitors are offering
D) All of these ✅
Q.19: Geetha wants to start a tailoring shop (boutique). Her trainer asked her to do a market scan. Geetha should do the market scan of
A) Restaurants
B) Beauty Parlours
C) Tailoring shops ✅
D) Packaging companies
Q.20: Lakshmi plans to start a beauty parlour. What kind of information should she NOT collect in the Market Scan?
A) Information on clothes and shoes ✅
B) Information on types of customers
C) Information on cost of materials for the beauty parlour
D) Information on shop location and rent