Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

Ritika produces goods not for the purpose of sale but for personal consumption. Will it be a business activity? Why?

Marketing Plan is a document:

1. Regarding the marketing objectives, strategies and activities to be followed by the new Enterprise.
2. Which describes the flow of goods/services from production point to the customers.
3. Which determines how many units must be sold or how much sales volume must be achieved in order to have break-even-point.
4. Which reflects the projected cash available with the Enterprise.

Name some non-durable products.

Explain the term packaging.

Balwant Singh of Bikaner thought of air-conditioned houses which do not require electricity. He wanted to explore the idea of construction of such eco-friendly houses which will remain cool in summers and warm in winters. He conceived the idea in 2010, but the final product could take shape in 2014. Name the stage in 'The Creative Process' described in the above lines.

What is the difference between sales tax and excise duty?

Define Partnership.

Who is a trend spotter?

Answer each of these questions in about fifteen words:
What do you understand by pro-rata allotment of securities?

Identify the reward IPO investors seek as an appreciation of their investment.