Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

A book shop sells pens 30,000 quantity per year. Demand is uniform. Purchase cost is 6 per pen. Holding cost per annum is 20% of purchase cost. Ordering cost is 500 per order. What should be the EOQ for the shopkeeper?

Enumerate two important points that an entrepreneur has to ensure before selecting an opportunity.

What is required by an entrepreneur to ensure the continued efficiency and profitable functioning and growth of enterprise?

What is meant by business? List the different categories in which business activities can be classified.

All businesses must adopt some legal configuration that defines few things for a firm. Which are those?

What is a business plan?

Classic Plastic Limited provided sipper tops or beverage bottles. Which type of value addition is being followed by the company?

Why is direct sales strategy referred to as 'negative selling'?

Give some points for the importance of goal setting.

''All business planned for sales volumes and revenues, resources quantities, cost and expenses, etc."Identify the concept involved in the above planning and state any two benefits of this concept.