Resource Mobilization — Entrepreneurship STD 12 Commerce — Question

Ravi is the owner of an umbrella manufacturing unit. During the month of June, in anticipation of increase in demand, he produced 500 umbrellas. Total cost of production for umbrellas was ₹ 50,000. Out of the above, ₹ 10,000 were fixed expenses.
Find out the variable expenses and unit cost per umbrella.

Infotics Ltd. has been a socially responsible organisation determined to reduce waste generation and do waste management. The company runs a low cost canteen for its employees. It uses the available waste in the form of vegetable and fruit skin and unused food for composting. The methane gas so produced from this is used as fuel in the kitchen. This saves the fuel resources.

1. Identify the type of ‘added value’ in this process.
2. Briefly explain any other type of ‘added value’ besides the one identified in (a) above.
3. Also state any two values communicated by Infotics Ltd. to the society.

Answer each of these questions in about one hundred and fifty words:
Apoorva wants to start a new business near to her locality, for which she requires capital State different types of national level and state level financial institutions from where Apoorva can access capital according to her needs and requirements.

What are the major categories of entrepreneurial ideas? Discuss them with an example each from your observations and readings.

Explain any four factors to be taken into consideration for selecting channels of distribution related to a market.

After doing her M.Com. from 'Himachal Pradesh University of Shimla', Komal went back to her village in Kinnaur district of Himachal Pradesh. She wanted to contribute for the development of women of her village, so she formed an organisation, the membership of which was open for all the women villagers on voluntary basis by paying Rs.500 only which will be treated as their capital. Komal knew that the land of her village was suitable for the farming of medicinal plants. So she motivated the members of her organisations for growing medicinal plants in their fields under the guidance and help of the local agricultural department. It was also decided that the organisation will purchase the produce of each member and sell the same to drug manufacturing companies, at a very good price which was not possible for the members individually. The main objective of the organisation is to render services to its members rather than to earn profit.
A computer training centre for young boys and girls of the village was started under the guidance of Komal from the surplus of the profits.

1. Name the process that helped Komal in developing an idea into an opportunity.
2. Identify the kind of organisation that was formed by Komal.
3. State any two values which Komal wanted to communicate to the society.

How are ideas generated?

What is a Public Company?

Manohar and Manav were running a partnership firm. The firm is engaged in the production and marketing of edible oils. Manohar was looking after the production and Manav used to look after the remaining operations of the business. The firm was doing good business and earning profits more than the rate of profit of the industry. They used to be fair in their dealings with the customers and other stakeholders of the business. They used to do their quantitative planning meticulously. The edible oil produced by the firm is as per the fssai Standards.

1. Explain any one type of plan prepared each by Manohar and Manav with quantitative expressions.
2. Identify any two values observed by Manohar and Manav.

You are an entrepreneur who is deciding the operational plan for your business.

1. Use a cheaper technology which lets you dispose of the waste water and lets you fix the price of your product low.
2. Use a technology that is a little expensive as it lets you recycle that waste water into water fit for drinking. In this case, you will have to fix the price a little higher in order to earn profits.
3. Use the technology that recycles the waste, do not change the price. And go about cost cutting though efficient utilisation of resources.

Give reasons for your selection of an alternative.