Resource Mobilization — Entrepreneurship STD 12 Commerce — Question

"Establishment of short or long term objectives and incorporating deadlines in quantifiable measures requires some rules." After identifying the concept described in the above lines explain its rules.

Saksham and Pratham were partners in taxi business. Their business was doing very well. They thought of expanding but they also wanted to reduce personal risk. They wanted to protect their own possessions from business creditors in event of failure, so they thought of changing the form of business where their liability will be limited. For this, they wanted to sell shares to friends, family and some employees.

1. Identify the new form of business to be adopted.
2. State two demerits of partnership form.

Why is manpower planning important for any enterprise?
OR
"The people working in a firm make it what it is." Explain why?

When should an entrepreneur choose company form of business organisation? List any four points.

Make a proforma of Income statement.

Name the specialised institutions which provides leasing and factoring to small scale units.

Nirmal looking at the possibilities of doing business decided to start his equity research firm online. He put his content on web for companies and also adviced them. Indianinfoline.com launched by him also started e-booking in India.

1. Nirmal is engaging in which type of business activity. Explain it.
2. Explain other business activities apart from the one stated above.

What is a production plan?

“Merger depends of variety of factors”. Enumerate.

Why is direct selling preferred for a monopolistic market?