Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

At present, many venture capital companies have been set-up in India, in both the public and the private sector. Name any two such institutions.

Advancement in technology has facilitated CRM. How?

Rohit is working on designing of a unique face mask which would not only filter the air inhaled but also send alert messages on the registered mobile number if the user is in a zone of high pollution. This idea is germinated because of the interest and curiosity of Rohit as he is always interested in finding out the specific current problems and their solutions. Before launching his idea he also analysed the pros and cons of the product. Now he has to complete two more steps of an important process.
Identify the process. Explain the steps to be completed by Rohit in the process identified.

Darshdeep runs a mail-order business for gym equipment. Annual demand for the Trico Flexers is ₹ 32,000. The annual holding cost per unit is 4 and the cost to place an order is ₹ 100.

1. What is the economic order quantity?
2. How many order is to be placed?

Identify the intermediaries involved in the indirect selling mode.

Give the meaning of tagline with the help of an example.

What rule of thumb an entrepreneur should apply, when expanding his/ her business?

What is financial management? What is the main objective of financial management?

A book shop sells pens 30,000 quantity per year. Demand is uniform. Purchase cost is 6 per pen. Holding cost per annum is 20% of purchase cost. Ordering cost is 500 per order. What should be the EOQ for the shopkeeper?

What is advertising? State with reasons which mode of advertising you would adopt to sell 'Fast Moving Consumer Goods' (FMCG) in urban centres?