Entrepreneurship as Innovation and Problem Solving — Entrepreneurship STD 11 Commerce — Question

Example 1: From the following information calculate Suman's income by preparing an income statement.
Zeel has started selling bedsheets from her own house. She purchases :
30 bedsheets (single bedsheets) from a wholesale dealer for ₹ 300 per bedsheet and selling at ₹ 400 per bed sheet.
30 bedsheets (single bed with pillow covers) for ₹ 350 per bedsheet and selling for ₹ 450 per bedsheet.
She purchases 20 bedsheets (double bed with pillow covers) for ₹ 500 per bedsheets and selling for ₹ 650 each
She spent : ₹ 500/- for advertisement(Pamplets and Advertising poster), ₹ 100 Maintenance Expenses and she decided to take ₹ 200 for rent expenses.

What are the different forms of social media used frequently by the people and how these tools are helpful?

What purpose does 'information' serve for an entrepreneur.

Describe the role of technology and social media in creating new forms of business.

Shraddha wants to start an Agro based unit in Solan. What is she required to do to acquire a competent workforce for her proposed plant?

Give some remarkable examples of Promotion mix.

Briefly discuss the concept of 'entrepreneur' and also give the definitions given by prominent management thinkers.

"Performing Sellers" sustain and succeed in the market. How?

Which features are to be taken into consideration to create, maintain and retain consumer?

What do you think is the reason for failure of business plan execution?
OR
Why many plans fail?