Download App

Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Opportunity3 Marks
Question
Enlist the various sources which lead to the emergence of basic ideas.
✓

Answer

The various sources which lead to the emergence of basic ideas.
  1. Problems: When a problem exists, an idea leads to a solution to resolve that problem, emerges as a business opportunity.
  2. Change: A change in social, legal, technological aspects etc. leads to new opportunities to start a business,
  3. Inventions: New products or services leads to new business opportunities.
  4. Competition: Competition often results in emergence of new and better ideas that result in new business opportunities.
  5. Innovation: Creating new things of value as well as new and creative processes that add value to the existing products or services. For example, computers to tablets.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Entrepreneurial Opportunity→Entrepreneurial Opportunity — all question types→Entrepreneurship STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

Explain the importance of unit of sale as a management tool.
→
Give the impact of quality on profitability.
→
What do you understand by Place Mix?
→
Explain meaning, advantages and limitations of horizontal integration.
→
A sound sales strategy has certain criteria. What are they?
→
'Pure Neer India Ltd.' is the manufacturers of water purifiers. The company has developed a new water purifier that not only converts the hard water into soft water but also kills the bacteria and other harmful micro organisms present in it. The company has named this water purifier as 'Nirmal Neer' and for its marketing, appointed salesmen throughout the country. The company also trained the salesmen to provide information about the usefulness of the 'Nirmal Neer' water purifiers to the customers and motivate them to buy the same.
  1. Name and explain the 'type of promotion strategy' adopted by the company.
  2. Also, identify the channel of distribution used by the company.
→
Environmental factors exert influence upon each other and do not operate in isolation? Discuss.
→
Answer each of these questions in about one hundred and fifty words:
State the nature of money market. Who are the major participants in the money market?
→
Name and explain the method of pricing in which price of a product is fixed consciously at a low level with minimal margin of profit.
→
What are the drawbacks associated with non-registration of a partnership firm?
→