Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

Since her college days Mehak, loved the thrill of adventure sports. She was an avid reader which helped her to keep track of various new adventure sports taken up all around the world. She had recently read an article on increasing trend towards ‘space tourism and adventurous holidays'. Using her personal experiences and her passion for adventure sports she decided to start a company called 'YOLO'. For the same purpose she also decided to collect statistics to see how much of these sports were accepted in our country. Identify the ways in which she was able to spot the trend.

What do you understand by internal sources of finance?

Give a few examples of Outflow of cash in the business.

Paranshu was working with Hitesh. A new entrepreneur, as a Production Manager. To achieve the objectives, he issues necessary orders and guidelines to his subordinates pertaining to work and to give practical shape to the production plan.
Identify and state the element being discussed above which is related to one of the components of a 'Business Plan'.

Deepak Industries is a sugar manufacturing unit in U.P. Due to various reasons it started running into losses and was declared a sick unit by the State Confederation of Industries. It had assets and probability to revive if financial assistance could be made available.Name the financial organisation that can help Deepak Industries in this situation knowing well that it cannot furnish any collateral security against the loan sanctioned.

Define branding.

'Trained man-power' is a type of Human Resource which is required in a Small- Scale-Enterprise. State the type of work they are often engaged in.

What is a partnership deed?

What is the biggest benefit of CRM?

What can be done by an entrepreneur to impart a distinct identity to his own brand?