Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

How can fantasising help an entrepreneur to spot new ideas?

An entrepreneur launches a new product in the market with high price. Identify the type of pricing.

What factors are involved in the process of sensing entrepreneurial opportunity?
OR
Name the two factors that are involved in sensing opportunities.

Michael Porter gave a broad classification of organisation's activities. What were they?

Name one of the financial institutions guaranteeing loans raised by Industrial concerns which are repayable within a period not exceeding 20 years.

What is the basic function of the process of environment scanning?

What is the goal of business?

Identification of idea is an incomplete process, unless it is followed by investigation of ideas. Why?

Define the term environment scanning.

Distinguish between a 'Joint Stock Company' and a 'Joint Hindu Family Business' on the basis of 'liability of its members'.