Understanding the Market — Entrepreneurship STD 11 Commerce — Question

“The key to success in business is only inheritance”. Do you agree? Give reasons.

What basic resources are required to commence any enterprise?

What do you understand by the term 'ethics’?

Samiksha, an entrepreneur student, takes up a job in a call-center during her summer break. While having a conversation with the accountant of the company and going over the cost records, she is surprised to see telephone charges as being recorded as a variable cost, as she is of the view that they are a part of fixed cost. Is Samiksha's view valid? Comment.

'Cash forms the basis of credit'. Do you agree?

Fill in the blanks using the options given below:
(Property tax, indirect tax, direct tax, revenue, social welfare, income tax)
Income tax, Wealth tax and Corporate Assets tax are examples of ................

Define a business plan.

What is marketing?

Fill in the blanks using the options below:
(Fixed cost per month, profit, sales or revenues, loss, expenses, total revenue, gross margin per unit, income, fixed cost)
The business is at neither ...................... nor ................., when it is at break even point.

Diplomats can experience difficulty in what?