Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

'It is a process which involves the translation of a useful idea into an application which has commercial value. It takes persistent effort to work out analytically the details of enterprise or service, to develop marketing strategies, to organise finances and strategize operations.'
Identify the process.

Name some intangible things related with firms.

Which parameter defines the superiority of a product or service?

Distinguish between 'Sales Tax' and 'Excise Duty'.

What is TTL?

Ramesh has decided to start his venture in manufacturing of plastic toys. He wants to get a road-map for himself as to how to proceed and also wants to avail loan from the financial institution. This requires him to prepare a business plan. He has no idea to prepare this road-map, i.e. business plan. How can Ramesh get his business plan prepared?

How does trend spotting help entrepreneurs?

What type of organisational structure an organisation may have?

Why right issue method of issuing securities is considered to be inexpensive?

Why is Management not considered the same as operation?