Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

Abhiraj Chaudhary is into the business of manufacturing low-cost Diesel Cars in Germany. He is earning good profits and ambitiously considering overseas expansion. He scans the environment for finding out the opportunities and threats that may influence his current and future plans. He zeros down on India as a potential place for his business expansion as Indian Government has announced favourable trade regulations. On selling the first lot of cars in India, the Indian Government noticed that the emissions from these cars were above the permissible limit. The government asked him to make necessary modifications in his cars if he wanted to continue business in India. He readily agreed to meet the emission norms set by the Indian Government.

1. Quoting the lines from the above para identify any two environmental factors.
2. Also, state any two values which Abhiraj Chaudhary tried to communicate to the Indian Society.

Name any three Central level financing institutions and explain how they support entrepreneurs.

What do you mean by promotion?

Answer each of these questions in about fifty words:
Explain the need and importance of Specialized Financial Institutions in India?

Reena was manufacturing beauty products and was always on the lookout to improvise her products. She used social media and online surveys to understand the latest trend in customers' needs and overall in the cosmetics industry.
Through the surveys, she understood that the customers prefer natural ingredients like rose powder in place of chemicals in the beauty products. Resorting to the customers' needs, she developed a 'rose powder' in an attractive package. It was highly priced as she knew that the customers will be ready to pay the price for the quality. Her face pack was an instant success. Identify the way in which Reena spotted this trend.

Explain the concept of ‘circulating capital’ with the help of an example.

A business plan gives clarity to the entrepreneur, investors and the government related which aspects?

Vimal Company Limited, were earlier producing pencils, now they have decided to further venture into the field of notebooks and paper. What do you think the company is attempting to do? Identify and explain the concept.

Ms. Rosy is a readymade garments manufacturer. Her Annual Usage rate is 225Pcs. The cost of placing each order is ₹ 8/- and the carrying cost is ₹ 4 per unit. Calculate the Economic Order Quantity (EOQ). How does calculating EOQ facilitate budgeting?

Why is environment an important factor for Entrepreneurship? Explain.