Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

These concept began back in the 1850's when Isaac Singer invented the sewing machine. In order to distribute his machines outside of his geographical area, and also provide training to customers, Singer began selling licenses to entrepreneurs in different parts of the country. Identify the concept and explain it by giving value points to it.

State the factors that an entrepreneur has to take into consideration while assessing the market.

Manohar and Manav were running a partnership firm. The firm is engaged in the production and marketing of edible oils. Manohar was looking after the production and Manav used to look after the remaining operations of the business. The firm was doing good business and earning profits more than the rate of profit of the industry. They used to be fair in their dealings with the customers and other stakeholders of the business. They used to do their quantitative planning meticulously. The edible oil produced by the firm is as per the fssai Standards.

1. Explain any one type of plan prepared each by Manohar and Manav with quantitative expressions.
2. Identify any two values observed by Manohar and Manav.

Explain creative process.

How to register a Limited Liability Partnership (LLP)?

Write an explanatory note on the financing schemes of state level financial institutions and their importance in promotion of an entrepreneur in India.

Radhika after graduating from college went back to her home town in Meghalaya. It was a small town with very few job opportunities. The Karbi tribal women in that area were uneducated but still practiced the method of obtaining traditional colours from natural wild herbs. Their most popular dye was indigo obtained from the leave called 'sibu'. Using these colours, they added variety to their textiles. The women were mainly confined to their homes and they did not know how to make a living out of their talent. Shiela went from door to door analysed the problem that existed. She thought of setting up a voluntary association of rural women who would be able to join and leave the organisation at their own will without any coercion or intimidation.

1. Name the process which helped Shiela in converting an idea into an opportunity.
2. Identify the kind of organisation that Shiela has decided to set-up.
3. State any two values which Shiela wants to communicate to the society.

Explain the importance of a stock exchange from the viewpoint of investors.

Answer each of these questions in about one hundred and fifty words:
What is synergy? In what forms can it take place?

What is Innovation and explain the elements of innovation process?