Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

How do we calculate the unit cost in the case of multi product or service situations? Explain with the help of an example.

What areas are covered by Product Mix?

Identify the intermediaries involved in the indirect-selling mode.

Why stock exchange is called as the 'financial barometers' and development indicators of national economy?

Balwant Singh of Bikaner thought of air-conditioned houses which do not require electricity. He wanted to explore the idea of construction of such eco-friendly houses which will remain cool in summers and warm in winters. He conceived the idea in 2010, but the final product could take shape in 2014. Name the stage in 'The Creative Process' described in the above lines.

Rehan and Nishant got jobs in IT sector and were based in Bangalore. Rehan was from Delhi and Nishant was from Gujarat. Both were missing home food. The canteen food was highly unappetising. They checked out several tiffin services but did not find them satisfactory. The food was not apt for their taste buds. So, they decided to quit their jobs and start a professionally managed tiffin service by the name of 'Sanjha Chulha' They not only gave chapatis and North Indian curries, but also started with 'Gujarati thali', 'Bengali thali' as regional meals. What was the source of perceiving the basic idea?

Business either produces or procures goods and services for offering them to consumers. Which are those goods or services?

Define Planning.

What does the acronym EBITDA stand for?

Michael Porter identified services' as a primary activity. What activities are included in it?