Enterprise Marketing — Entrepreneurship STD 12 Commerce — Question

TFCI is playing vital role in the development of entrepreneurship in modern economy. Comment.

Explain demand driven ideas' and trading related ideas' as idea fields.

Answer each of these questions in about two hundred and fifty words:
While there are benefits to going public, at the same time additional obligations and reporting requirements on the companies and its directors means disadvantages too what are they? Explain.

Classify the following into business, profession and employment.

1. It requires specialised academic qualification and other qualification with a certificate of practice.
2. A hawker sell toys on the market pavement.
3. A mechanic repairs scooters.
4. Ravi works as an HR Manager in an organisation.
5. Sunil Sharma is a lawyer in a district court.

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

‘‘In spite of certain restrictions imposed on a private company, it enjoys certain privileges under the Companies Act and a substantial number of entrepreneurs prefer to form a private company.’’ Comment.

What is a 'feasibility plan'? Why does the entrepreneur need a feasibility plan?

Why was Small Industries Development Bank of India established? State any five types of direct assistance provided by SIDBI to the small scale sector.

Rex saloon chain started in 2010 managed to keep the business going till 2013. The saloons could build a good customer base and could cover the costs. The owner Mrs Lily now thought of growing the business and tried to set new goals. She decided that she will be increasing marketing efforts and try to further sales growth to 20% in a span of one year. The aim for profit would be to ₹5 lakh per saloon. What do you think, is Lily able to set realistic goals of her business?

Lalita Devi did her post-graduation from Manipur University, Imphal. She had offers to join reputed firms in metropolitan cities like Delhi and Mumbai. Instead of joining any of these firms she decided to do some creative work in Imphal. She observed that a special type of chilli is grown by the farmers of most of the villages around Imphal. This chilli has a distinct flavour and the pickle made from it has a taste that may be liked by many people in other parts of the country. But the farmers were neither trained in the farming of this kind of chilli on a large scale nor was there a secured market for their produce. Lalita Devi met eighteen like-minded women of the area and formed an organisation for doing the business of pickle manufacturing. Each of them contributed Rs.2,00,000 towards its capital and were equally responsible for its management. On the one hand, they assured the farmers to purchase the chilli produced by them and on the other hand, the organisation with the help of the local agriculture department arranged for the training of the farmers. They also employed 10 local unemployed graduate girls for doing the various operations of pickle manufacturing.

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