2.0 Econ Reading Quiz: From India to Indio

What was Nachhattar Chandi's starting point in the United States?

• Owning a gas station
• Working at a gas station
• Owning a fast food franchise
• Importing goods from India

What was the turning point that led to Chandi's rapid business expansion?

• Leasing and buying the gas station
• Converting the gas station to an ARCO brand
• Adding fast food franchises to his locations
• Diversifying into construction and hospitality

What was a key factor in Chandi's business strategy and success?

• Relying on his family's farming expertise
• Tapping into underserved communities
• Securing large government contracts
• Expanding internationally to India

How did Chandi's leadership style contribute to his company's growth?

• He took a hands-off approach to allow managers autonomy
• He focused on large-scale projects and acquisitions
• He emphasized giving back to the local community
• He remained directly involved in day-to-day operations

What was the initial investment Chandi made to purchase the gas station he started working at?

• $25,000
• $50,000
• $100,000
• $225,000

What was a key challenge Chandi faced as an immigrant starting a business in the U.S.?

• Lack of access to capital
• Limited English proficiency
• Difficulty securing government contracts
• Navigating cultural differences

How did Chandi's understanding of customer needs influence his business strategy?

• He focused on providing a wide range of products and services
• He emphasized operational efficiency over customer experience
• He invested heavily in digital and e-commerce capabilities
• He added fast food franchises to his gas station locations

What was the name of the original gas station that Chandi worked at and later acquired?

• ARCO
• Shell
• Black Gold
• Mobil

How did Chandi's commitment to his local community set him apart as an entrepreneur?

• He donated over $1 million to community groups
• He employed primarily undocumented immigrants
• He advocated for government subsidies and incentives
• He focused on expanding into affluent suburban areas

What type of leadership style did Chandi employ to manage his growing business?

• Autocratic leadership
• Democratic leadership
• Laissez-faire leadership
• Servant leadership