5 Questions
What is the 'economic problem' and what does it require?
The 'economic problem' requires choices to be made which always result in an opportunity cost.
What did Mohammed Qamber Hussain recognize in the market, and how did he plan to address it?
Mohammed recognized a gap in the market for affordable, female-friendly restaurants, and he planned to address it by setting up such restaurants.
How did Mohammed finance his first restaurant?
Mohammed's father gave him a loan to help finance his first restaurant.
What was Mohammed's strategy for success in the restaurant business?
Mohammed's strategy for success was to offer affordable restaurants that were much more female-friendly.
How did Mohammed address the lack of business knowledge when starting his restaurant?
Mohammed found training through Bank Alfalah to address the lack of business knowledge.
Test your knowledge of business activity, economic problem, adding value, entrepreneurs, and intrapreneurs. Explore the importance of enterprise to a country's economy and the characteristics of successful entrepreneurs.
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