An Entrepreneur — Entrepreneurship STD 11 Commerce — Question

Why is there a need for classification of costs?

"When you sell your product but the buyer does not pay your money immediately" It is known as?

How need of financial resources helps an entrepreneur?

Give the features of the market.

How can an entrepreneur be classified based on the type of business?

Define the term 'Business Mentor'.

Give an example of a social entrepreneur.

What do you mean by ‛Opportunity Assessment‘?

Mamta's husband was running a poultry farm successfully. After his sudden death, Mamta decided to run the above business herself. To her dismay, her family members instead of encouraging her, started to raise objections to her decision, the most common being that as a woman, that business is not suitable for her.

1. Identify the business barrier being discussed above.
2. To which category of business barrier does it belong?
3. State one more barrier of that particular category.

Which drawback of Indian society is brought forward by the above case?

“A customized market survey is a tool not only to collect an idea about customers, their wants, buying behaviour, the new product and its acceptance, the competitors, but also helps in many aspects”. Which are the aspects?