Understanding the Market — Entrepreneurship STD 11 Commerce — Question

Give the two classes of commerce.

The entrepreneur generally decides upon which factors in the physical distribution?

Diplomats excel in which business and why?

How were Microwave Ovens created? Describe.

What do you mean by the manning table?

Fill in the blanks using the options given below:
(Variable, cost of goods sold, unit of sale, net sales, unit cost, unit price)
The cost incurred by a company to produce, store and sell one unit of a particular product is referred to as ..........

“Markets have a very dynamic concept which is constantly evolving with the changing times”. In the light of the above statement, state the different concepts of market.

What is the most important factor needed to develop a relationship between mentor and mentee?

'Entrepreneurship is the need for a country, justify with the help of any two points.

Dinesh, after completing his studies, returned to his hometown, Jabalpur. Jabalpur is famous for its soft marble and many craftsmen make beautiful statues from this marble. Yet, he was surprised to learn that they made barely enough to fulfil their basic needs.
On researching about the probable reasons for their plight, he found that they were unorganised and lacked the financial strength to market their produce. He decided to organise these craftsmen in the form of a cooperative society. The cooperative society provided finance to the craftsmen, and helped them to market their products through a e-portal. Within 2 years, the standard of living of the craftsmen improved considerably.

1. To which category of entrepreneur does Dinesh belong to?
2. Identify the values exhibited by Dinesh.