Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

Ayaan, Aarav and Ananta are all engineers. They belong to middle class families. Being very good at technical skills, they invented an engine whose fuel consumption is just 60% of the traditional engine. Enthusiastic about their discovery, they got it patented and decided to start their own manufacturing plant. However, only after one year of operations, problems started cropping up s and a promising venture was stalled. What according to you, are the causes of their business failure? Which values are exhibited by them in doing business together?

A factory is engaged in manufacturing shirts. The following information is available to you:
Sales - Rs. 4,00,000
Direct Labour Cost (2,000 units) - ₹ 40,000
Direct Material Cost (2,000 units) - ₹ 1,00,000
Direct Expenses (2,000 units) - ₹ 20,000
Fixed Cost - ₹ 1,20,000
Find out:

1. Variable cost per unit.
2. Total cost.
3. Quantity to be sold at Break-Even Point.

Success of franchises such as McDonald's, Burger King, KFC, Boston Market, Subway, Midas, Jiffy Lube, Holiday Inn, Mail Boxes and Merry Maids is that, all these firms have established an excellent franchise system that effectively provides the necessary services to the franchisee. With respect to the above, describe the advantages of Franchising to the franchisee.

Varshini started her high end boutique in a posh locality, but she was not aware of how to make her boutique popular in the area. Suggest some measures for it.

Explain the types of franchising. Franchising route fulfills which two values of social responsibility?

Explain different types of brand name.

Radhika after graduating from college went back to her home town in Meghalaya. It was a small town with very few job opportunities. The Karbi tribal women in that area were uneducated but still practiced the method of obtaining traditional colours from natural wild herbs. Their most popular dye was indigo obtained from the leave called 'sibu'. Using these colours, they added variety to their textiles. The women were mainly confined to their homes and they did not know how to make a living out of their talent. Shiela went from door to door analysed the problem that existed. She thought of setting up a voluntary association of rural women who would be able to join and leave the organisation at their own will without any coercion or intimidation.

1. Name the process which helped Shiela in converting an idea into an opportunity.
2. Identify the kind of organisation that Shiela has decided to set-up.
3. State any two values which Shiela wants to communicate to the society.

Answer each of these questions in about one hundred and fifty words:
Explain the powers SEBI has been vested wit for discharging of its functions efficiently.

Amana entrepreneur is operating his business without PAN and TAN. What would you suggest in this regard?

Illustrate how an entrepreneur assesses the working capital requirements of an enterprise taking into consideration the operating cycle.