Entrepreneurship as Innovation and Problem Solving — Entrepreneurship STD 11 Commerce — Question

Explain the meaning of Expansion.

Who are called women entrepreneur?

Describe one example explaining solving problems to meet the needs and wants of people.
OR
“Most entrepreneurial ventures have survived when they solve problems of people, understanding their needs and accordingly changing the product to their needs." Give an example in the support of this statement.

The success of an enterprise lies in the capacity and ability of the entrepreneur to perform three functions. What are those functions?

What purposes does a business plan serve?

Define 'Market'?

Mr. Sanjay is the HR Manager of 'Sprint India Limited', a company engaged in the manufacturing of sports goods. With the approaching Commonwealth Games, the company is flooded with orders. Due to lack of competent staff, Mr. Sanjay decides to outsource some of the work. The company's management agrees on the condition that the quality of the work should not be compromised upon. Suggest Mr. Sanjay the different methods through which work can be outsourced. Also, identify the value being communicated by the company.

Rahul, an owner of a huge Departmental Store, charges exorbitantly due of no competition around to the misses out on no opportunity to earn profit. He finds nothing wrong as the main goal of business is to earn 'Profit'. Discuss any four values which you find are lacking in him as a rational businessman.

What do you understand by intangible resources?

Why is systematic planning a must for an Entrepreneur?