Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

Distinguish between Private Company and Public Company.
OR

Give the points for deciding the selection of Private or Public Company.

How an environment offers the firm/ entrepreneur numerous opportunities in changing the needs of customers and market? Give two examples.

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.

Answer each of these questions in about one hundred and fifty words:
Explain the importance of Stock Exchange from the viewpoint of investors.

Explain how 'Application and Use', 'Level of operation', 'Cost' and 'Technical complexity' help in identifying a feasible product or process.

Lalita wants to buy a house. The seller wants 20 lakhs, but Lalita is willing to pay only 17 lakhs.
Which form of negotiation method would be appropriate for Lalita?

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.

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

Explain in short, the various elements of the promotion mix.

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