Download App

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

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipEntrepreneurship as Innovation and Problem Solving4 Marks
Question
How can the economic environment create positive influence for an entrepreneur?
✓

Answer

The factors which are responsible for economic development such as land, labour, capital, material, market, etc. are equally responsible for the development of entrepreneurship. Thus, an environment, where all these factors are available to the entrepreneurs, will naturally support and promote entrepreneurship.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "4 Marks Question" from Entrepreneurship as Innovation and Problem Solving→Entrepreneurship as Innovation and Problem Solving — all question types→Entrepreneurship STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Give the features of trade.
→
Name five government schemes implemented by the Government for entrepreneurs.
→
Differentiate between ‛owner‘s funds‘ and ‛borrowed funds‘.
→
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.
→
Describe the role of E-business or E-commerce in the developing countries.
→
What is 'Market Survey‟?
→
Lalit Mesgs is planning to launch a new female clothing store. Draft a survey, not exceeding 10 questions as to collect some information that will be helpful in launching of this store.
→
Akshata, who was working in a canteen decides to start her of own coffee vending business as she was getting ₹ 300 per day while working in the canteen.
  1. To start the new business she needs to arrange some items like Cart, Gas Stove, Gas Cylinder, one big thermos flask and one small thermo flask, etc. at ₹ 12,000.
  2. Now she required the material ingredients to make coffee: Milk, sugar, coffee powder and disposable cups at ₹ 1000.
  3. She Borrowed ₹ 12,000 from her friend and decided to pay ₹ 4 per day as interest. Akshata knows that she needs to recover the initial investment of ₹ 12,000/- over a period of time and remaining requirement of money she managed from her savings.
  4. The cost of producing one cup coffee is as follows:
one and half litre milk
₹ 45
Two liter water
₹ 4.45
sugar
₹ 40
Coffee Powder
₹ 22
Fuel
₹ 8
Total Amount
₹ 119.50
  1. In total she can make 30 cups.
Cost of disposable cups ₹ 50 per cup
Helpers wages ₹ 100 per day.
Rent ₹ 20 per day
Interest ₹ 4
Own wages ₹ 400 per day.
Calculate:
  1. Fixed Cost Per Day
  2. Unit Price per cup
  3. Total Variable Cost per cup
  4. Variable cost per cup
  5. BEP (in units)
  6. Prepare an Income Statement (daywise) from the above given information.
→
State whether the following require small or large working capital. Answer should be supported by a valid reason:
  1. Selling ice-creams.
  2. Following a liberal credit policy.
  3. Dealing in stainless steel wares.
  4. Using capital intensive technology.
→
What do you mean by business cycle? Draw diagram.
→