An Entrepreneur — Entrepreneurship STD 11 Commerce — Question

Name the word 'mentor' comes from.

Who plays the role of an entrepreneur in a capitalist and developed country?

Although, commonly associated with the automotive industry, telemetric applications are being developed for use in other fields also. Name such fields.

Fill in the blanks using the options given below:
(Outflow, profit, credit transactions, cashbook, credit, or lone, inflow, cash flow, cash, expenses)
When the buyer pays the money to the seller at a later date it is called ............

Name the types of entrepreneurs according to Danhof.

How were Microwave Ovens created? Describe.

A young man was passing through a site of construction. He saw three labourers working at the site. He went to one of them and asked “What are you doing here?” The worker answered, Don't you see? I am making out a living. I am working to earn.”
The young man moved towards the second man and asked him the same question.
Pat came the reply Don't you see? I am constructing a wall”.
The young man moved towards the third man & repeated the question.
The labourer replied Don't you see? I am building a beautiful mansion”.
All the three were doing the same work, then what differentiates them?

Name the highest need in Maslow's hierarchy.

Market survey is a process comprising of a series of steps. State the steps of market survey.

Divij is a highly innovative person working in a cement company. He devised a new form of grey cement which is made from plastic fillets and organic waste. His company immediately realised the potential of his idea and made him the head of the project to develop the above product commercially. He was also offered a share in profits of the above project. Is Divij an employee or an entrepreneur? Discuss. Also identify one value communicated by him by developing such a product.