Business Finance and Arithmetic — Entrepreneurship STD 11 Commerce — Question

Define customers.

A young man was passing through a site of construction. He saw three labourers working at the site. He went to one of them and asked “What are you doing here?” The worker answered, Don't you see? I am making out a living. I am working to earn.”
The young man moved towards the second man and asked him the same question.
Pat came the reply Don't you see? I am constructing a wall”.
The young man moved towards the third man & repeated the question.
The labourer replied Don't you see? I am building a beautiful mansion”.
What is important to do a piece of work effectively and efficiently?

Which concept of market is not restricted by boundaries? Identify it and explain it briefly.

Fill in the blanks using the options given below:
(One time cost, fixed, amount start-up cost, business, operational cost, nature, variable)
It is important to remember that fixed costs are "fixed in .............." and not necessarily "fixed in ............"

‘Unit of sale' can be used as a tool of control. How?

Give a list of some perceptual barriers that can hamper the progress of an entrepreneur.

Why attitude is called pervasive?

Innovativeness can be seen through a number of entrepreneurial actions. State any two.

Fill in the blanks using the options below:
(Fixed cost per month, profit, sales or revenues, loss, expenses, total revenue, gross margin per unit, income, fixed cost)
Break even volume per month is equal to ................................................

Explain any two features of attitude.