Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

Answers to these questions should not exceed 15 words:
Explain the following terms with proper example:
SKU

What is meant by 'Problem Identification'? State its any two objectives and also give an example of 'Problem Identification'.

How cash flow projections will be helpfulfor an entrepreneur? What values can lead to a successful implementation ofthese programmes?

Answer each of these questions in about fifteen words:
Enumerate the types of Specialised Financial Institutions from were entrepreneur can access capital according to their need and requirements.

Describe the schools of law under HUF.

Aditi started her boutique business near an industrial area and she was not getting clients as she had expected. What are the factors which have been ignored before starting the boutique? Suggest HOTS the various factors that she has to look into before venturing into business.

What is meant by primary market? Briefly explain the concept of 'Right Issue for existing companies'?

'Ayush Generic Medicines,' a chemist shop sells generic medicines. On 15.2.2016 medicines as per the details given below were sold:

No. of customers	Per customer billed amount ₹
15	370
20	430
45	500
25	1,000
95	1,200

Calculate the average amount of medicines sold per customer.

Subhiksha
Subhiksha was founded in 1997 by R Subramanian, IIT-IIM graduate. It operated over 1600 outlets selling groceries, fruits, vegetables, medicines and mobile phones and positioned itself as value retail chain. It adopted strategy to cut price, focus on lower and upper middle class and opened shops near catchment area of customers. It started with one store in Chennai and within a short span the count reached to 1600 outlets (2008).
Why did Subhiksha super market fail?

1. Rapid store expansion in various formats like groceries, medicines, mobiles, electronics, consumer durables and IT without sufficient fund in hand.
2. Operated on very slim or zero margins resulting in higher cash outflows whereas inflows were almost nil.
3. Not much attention to customers service resulted in bad quality service at store level.
4. Downstream supply chain was not integrated resulting in lower fill rates and customer dissatisfaction.
5. Expanded business through debt (7500 million debt).
6. In October, 2008 the company did not have enough funds to manage its operations.
7. Poor inventory management resulted in defective inventory, breakages, lower fill days and pile up inventory.

1. What were the main reasons for 'Subhiksha's failure? Enumerate the ones given in the chapter.

Quote the lines from the passage which are indicative of the given reasons.

2. Was 'location' one of the factors responsible for 'Subhiksha's failure?
3. What additional factor, other than those discussed in the chapter, was responsible for Subhiksha's failure?

ABC Company, manufacturing shoes, has taken over XYZ Company which also manufactures shoes at a small scale. What do you think will be the reason for this kind of takeover?