Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

Differentiate between backward integration and forward integration.

"These entrepreneurs tend to deal with even the most negative arguments by using the 3 F's-Feel, Felt and Found'. Identify the entrepreneur being discussed in the given lines.

What basic resources are required to commence any enterprise?

How do sometimes prospective entrepreneurs become induced entrepreneurs?

What is the objective of conducting market survey?

Ram Prakash is the owner of a small eatery operating in the suburbs of Delhi. He is making just enough to make his ends meet. Since, his eatery was in a strategic location, quite close to a school, he got an offer from Freezo ice-cream to install an ice-cream freezer and sell their products from his shop. But Ram Prakash refused to embrace this opportunity. To which category of entrepreneurs do Ram Prakash belong to?

The evolution of the modern concept of market was attributable to certain factors. What were they?

Marketing manager has been defined as a per 'mixer of ingredients', by whom?

Motivators excel what?

Give the examples of secondary industries.