Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

Why does an entrepreneur needs second-round financing?

Name and define the form of business organisation in which the liability of its members is limited. State one more feature of this form of business organisation.

'The soft drink bottle of 300 ml of a company is placed at Rs. 7, while the 1000 ml bottle is placed at Rs. 15.' Name and explain the method of pricing involved in the above example.

Plastic World Limited' is leading manufacturer of bottles and tiffins for school going children. Recently, it introduced a new bottle with an adjustable sipper top for young children. Also, in an effort to safeguard environment, it started using recycled material for packing. Which type of value additions can the above acts be categorised into? Explain.

Explain any four factors which affect the formulation of a financial plan.

Ron Sommer, former president, Sony Corporation of India: say “Where a company comes from is less important than where it is going, as boundaries are erased corporation birth certificate won't count much.”

What should an entrepreneur do to mobilise the resources? Explain.

Answers to these questions should not exceed 30 words:
What is Paret's Principle?

State some service sector based ideas related to commercial establishment.

Answer each of these questions in about fifty words:
Differentiate between consolidation and merger.