Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

Business activities which are done mainly for economic consideration can be classified into manufacturing, service and trading. Explain each of them.

Describe any three fields of ideas, with suitable examples.

Explain the concept of 'Planning Paradigm', and 'The Four Stage Growth Model' of it.

Answer each of these questions in about fifty words:
Write the full form of & when it was established.

1. SIDC.
2. TFCI.
3. SFC‘s.
4. NABARD
5. IFCI.
6. IDBI.
7. ICICI.

What is manpower planning? Why is it necessary for every business unit?

Saurabh has just started his business of selling designer furniture. Being new to the business community, he approaches you to tell him about how to promote his business. So, tell him the elements of promotion mix.

How cost advantages are one of the important advantage of an enterprise?
OR
“The mere size of a franchised company offers many advantages to the franchisees”. Explain.

Aarav has decided to open a retail oultet for autoparts. His friends and family has advised him to establish certain goals so as to be able to judge the progress of his venture. But Aarav is of the view that goal setting will serve no purpose at all. Do you agree with Aarav? Give reasons for you answer.

The School Gear Ltd. manufactures three products — Tiffin covers; Bottle covers; Pencil pouch. The variable expenses and sales prices of all these products are given below:

	Tiffin Covers	Bottle Covers	Pencil Pouch
Sales price per unit	₹ 200	₹ 100	₹ 75
Variable cost per unit	₹ 100	₹ 60	₹ 25

The total fixed expenses of the company are 55,000 per month. For the coming month, it expects the sale of three products in the following proportions:
Tiffin covers: 20%
Bottle covers: 50%
Pencil pouch: 30%
Compute the break-even point of company in units and rupees for the coming month.

Discuss the steps involved in the investigation of ideas.