Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

Gross margin per unit is also referred to by another name. What is it?

For an entrepreneur, what is the main motivating factor which urges them to continue in their entrepreneurial pursuit?

Define customers.

Products can be classified on a number of basis. Give their classification.

What revolutionized the market system?

Why mentor is also called as trusted guide?

Maslow defines one of the needs in the need hierarchy “As the desire to become everything one is capable of becoming.” Identify and explain.

Divij is a highly innovative person working in a cement company. He devised a new form of grey cement which is made from plastic fillets and organic waste. His company immediately realised the potential of his idea and made him the head of the project to develop the above product commercially. He was also offered a share in profits of the above project. Is Divij an employee or an entrepreneur? Discuss. Also identify one value communicated by him by developing such a product.

What is said by DYDDY with respect to market?

What do you understand by social media?