Business Arithmetic — Entrepreneurship STD 12 Commerce — Question

What are the common activities relating to vendor management?

How does pilferage of material affect the enterprise and entrepreneur?

Give the functions of IIBI.

Name the specialised institutions which provides leasing and factoring to small scale units.

Answer each of these questions in about one hundred and fifty words:
Explain the importance of Stock Exchange from the viewpoint of society.

What are the qualities of a good brand name?

The value, people place on goods and services is determined by certain factors. What are they?

Dairy foods ltd. has been well known for it's products throughout India. They started manufacturing Biscuits and chocolates in the year 1995 and slowly built their brand. The company occupied the top position in terms of sales and it increased it's product range also. By 2010 they were the undisputed leader in the field of confectionaries. Their annual general meeting was held wherein the Board of directors felt that the company should also be socially responsible in doing their business. They decided to use new technologically advanced recycled paper for all their products which would retain the freshness of their products as well as contribute towards the saving of our planet.
By doing this the company has modified their goods in a particular way to create a new product of greater value to the customers. Identify the concept mentioned above and explain it from financial and marketing point of view.

Write down the formula for calculating the weighted average contribution margin per unit for the sales mix.

A young man, Vipul wants to start a business. He is not sure of the type of business he should start. His friends suggested him to seek the help of professionals. He contacted a professional who asked Vipul to pay a big amount for providing the reports and industry updates. Therefore he decided to search for the reports and industry updates himself. He started looking for the required information and reports on different websites regularly. He also interacted with people for the type of products they would like to use in future. In addition to this, he visited trade fairs, malls, exhibitions, etc. to assess the on-going trends.
Identify and state the way Vipul is using for spotting the trend. Also, state one more way which will help Vipul in starting his business.