Business Arithmetic — Entrepreneurship STD 12 Commerce — Question

What kind of items are included in working capital?

Shweta was in the last year of her graduation in Home Science. While visiting a trade exhibition, she came across a stall put up by a foreign company specialising in window cleaning. One day at her home, the problem of glass window cleaning was being discussed as she was living in a highrise building. Also, she read in newspaper that highrise buildings have increased a lot in Metros. She analysed that window cleaning in highrise commercial and residential buildings has a lot of scope. So she got trained for that in London and then started her own enterprise. Shweta tried to analyse information gathered from trade show, family and newspaper and bring them together to identify the right opportunity. What factor is being discussed in sensing opportunity? Explain.

Explain any three major elements of a 'Project Report'.

Explain with example how 'Existing Products or Services' help in generation of ideas.

Give any two points of distinction between ‘Basic Idea’ and ‘Post Scanning Idea’.

What is synergy? In what forms can it take place?

Yash was not too keen to take up his family run business of making bamboo baskets. But due to the bad condition of the family business he had no option except to take up this business. He started thinking about the new ways of using bamboo. One day while having lunch in a restaurant he overheard the owner talking about the difficulty in disposing the plastic and thermacol crockery that was being used in the restaurant. This provided him the stimulus for a new venture creation. Yash started looking into various options of making bamboo plates which could be used in the restaurants. He discussed the idea with his father who advised Yash that ideas should lead to commercially viable forms in order to survive and grow.
Identify and explain the concept discussed in the above situation.

'H.L. Chemist' sells medicines at a discount of 5% on list price. On 1.3.2017 medicines as per details given below were sold by 'H.L.Chemist'.

No. of Customers	Per customer billed amount
	₹
50	340
45	370
35	650
30	800
25	975

Calculate the average amount of medicines sold per customer.

“Often times, a company will improve or change their existing products”. Give reasons.

Is vendor management different from employee management? Enumerate.