Enterprise Growth Strategies — Entrepreneurship STD 12 Commerce — Question

How the uses of problem identification helps an entrepreneur?

Raman started a gym named as 'Strong Body'. He installed large number of machines and equipments of different types and appointed qualified trainers to help the customers in the use of machines. Initially, he kept a low fee per hour so that boys and girls belonging to the poor families may also avail the facilities of the gym. Very soon his gym became popular and he started operating in three shifts. For this, he appointed additional trainers. He also installed extra machines so that more customers could be enrolled. In one year he started earning good profit. He took a nearby building on rent and started a 'Recreation and Health Club' for the senior citizens of the locality on very nominal charges. He also encouraged young boys and girls to participate in the cleanliness drive started by Prime Minister. They agreed and started giving one hour daily for cleanliness of the nearby areas before opening of the 'strong body' gym and 'recreation club'.

1. Identify and explain the type of business expansion that took place under the entrepreneurship of Raman.
2. Identify any two values that Raman tried to propagate.

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.

Ramu is buying and selling ice-cream. Explain his working capital= requirements.

You are an entrepreneur who is deciding the operational plan for your business. While deciding the technology to be used, you come across three alternatives:

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 utilization of resources.

Explain the features of Stock Exchanges.

Define organisational plan? A business can be classified in how many categories?

Answer each of these questions in about one hundred and fifty words:
Write a short note on IIBI.

What is the difference between basic idea and post-scanning ideas?

‘Dhanwantri Ayurveda Ltd. (DAL)’ are the manufacturers of soaps, detergents, dental care products, cosmetics, grocery products and even medicines based on Ayurveda. It has grown since its inception. The reasons for the growth and popularity of DAL can be attributed to the fact that it started its operations at a time when the Government in the country is moving towards making the country self-reliant. DAL is following government initiatives like ‘Make in India’ campaign. Government is promoting Ayurveda through the ‘‘Ayush Ministry’’ that promotes Yoga, Ayurveda and other traditional and complementary medicines. This gives DAL a huge boost as it itself claims to be an Ayuredic company. DAL’s input cost increases or decreases based on the taxation policies of the government. Implementation of Goods and Services Tax (GST) has benefited DAL as the genre of DAL is not taxable. With inflation rate increasing continuously, people are looking for cheaper and effective substitutes which are provided by the extensive range of products provided by DAL. The people of India are becoming more health conscious and want to consume organic products. The company focuses only on retailing in India through its own retail chain stores and also through online mode through its E-commerce website AyurPro. The detergent products of the company are non-polluting. The packing material used for the products is also biodegradable. DAL has a separate department to prosecute and get penalized those who misrepresent its brand and its name.
Quoting lines from the paragraph, analyse the success of Dhanwantri Ayurveda Ltd. (DAL) on the basis any four points of the PESTEL Model.