Resource Mobilization — Entrepreneurship STD 12 Commerce — Question

What is meant by 'Environmental Scanning'?

What lends credibility to the potential success of the new venture.

Give four examples of items which are hazardous in nature and special precautions have to be taken in their storage.

What do you mean by market driven idea or demand driven ideas?

What is labelling?

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

Kartik wants to start a new ready made garments shop in his colony. He knows that it is the best opportunity for him and it is going to give him high rate of promising returns. How do you agree with Kartik that he has selected a right opportunity?

What is meant by 'business opportunity'?

Vishal was working with Abhinav, a new entrepreneur, as a Production Manager. For smooth and co - ordinated flow of wark he had to pay attention towards various elements. To ensure predetermined quality of products he had to compare the performance with established standards.Identify and state the elements being discussed above which is related to one of the components of a 'Business Plan.'

What does the acronym EBITDA stand for?