Business Finance and Arithmetic — Entrepreneurship STD 11 Commerce — Question

Explain 'creativity and creative problem solving as a method of generating ideas.

“Marketing Manager plays an important role in the organisation”. In the light of the above statement, explain his role.

Give one difference between Direct Tax and Indirect tax.

Rahul, an owner of a huge Departmental Store, charges exorbitantly due of no competition around to the misses out on no opportunity to earn profit. He finds nothing wrong as the main goal of business is to earn 'Profit'. Discuss any four values which you find are lacking in him as a rational businessman.

"Emerging markets will create plenty of opportunities related to smart technology". How? Explain with the help of an example.

"Teach-one" is a firm providing home tutors, who are expert in their respective subjects. It also provides on line teaching services for students of remote areas.

1. What would be the unit of sale for the firm?
2. Identify any one value communicated by the firm.

'An entrepreneur should not forget that for success to be long lasting, he will have to follow some ethical standards in their business practices'. In the light of the given statement state some ethical practices that can be followed by a business.

Describe the various types of Risk Taking.

Vishakha runs an export unit, which exports handicrafts to the gulf countries. With the gulf countries imposing quota restrictions on the Indian Government relating to oil imports, the relationship between these countries has become strained so much that the Indian Government has stopped trade with these countries. Which factor is responsible for the risk faced by Vishakha? Identify the value violated by the government of gulf countries.

Name the factors giving rise to internal risk.