Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

Shahida, a student of School of Rug Weaving Institute, Turkey, visited her grandparents in Kashmir for the first time. Breathtaking mountain scenery, clear lakes, lush vegetation and magnificent forests mesmerized her The valley is home to a rich biodiversity including a large number of bird species, many of which are unique to Kashmir. it is home to Yak and sheep that are taken care of by Nomads. Kashmiri lifestyle is essentially slow paced and reflects religious diversity. Kashmiris are known to enjoy their music in its various local forms, and the traditional dress of both genders is often quite colourful. Tulip, Saffron, dry fruits and artistic woodwork are its hallmark.
She also observed that the government was stable and all the tourist places were well guarded by the army.
She found it to be an ideal place to start a unit for carpet weaving and employ local people to preserve the ethnic touch. After the devastating floods a considerable population was rendered jobless, her unit would help to revive their economic condition. She started scanning and screening the environment and collected the following information.

1. Help her categorize the information making use of PESTEL MODEL.
2. Also state a value communicated by Shahida.

Ramsaran, an auto-mechanic, was working in a city. But due to ill health of his parents, he was o compelled to shift to his village. The village was approximately 2 km away from the nearest highway. He noticed that vehicles which broke down had no repair facility in that area. This gave him an idea to open a auto service centre for earning his livelihood. He motivated some young boys of his village to join him for providing this service. He trained them and employed them in his workshop.
Basic ideas emerge from different sources:

1. Identify the category of source under which Ramsaran's idea emerge.
2. Identify any one value which was communicated to the society by Ramsaran's behaviour.
3. State two other categories from where basic ideas emerge.

These are "convenient frames of reference for streamlining the process of generation of ideas.‟ Identify them and explain any three briefly.

When is it mandatory to mention PAN number?

Explain the Steps for the development of the tool of cash management that helps an entrepreneur in knowing how much cash generation and expenditure is anticipated over a chosen period of time in future.

The Ganges Pump Co. uses about 75,000 valves per year and the usage is fairly constant of 6,250 per month.
The valve costs 1.50 per unit when brought in quantities and the carrying cost is estimated to be 20% of average inventory investment on the annual basis. The cost of placing an order and process the delivery is 18.
You are required to determine

1. Economic Order Quantity, and
2. Nuzber of order to be placed.
3. What value points you can conquer?

'Environmental factors exert influence upon each other and do not operate in isolation? Discuss.

Examine the sources from where business ideas emerge.

Describe any three fields of ideas, with suitable examples.

What is meant by base pricing and discount?