Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

State any two features of 'Leasing'.

What does the marketing strategy of a company include?

Draw the enterprise process diagram.

Explain what is TAN.

What is the basic common documentation required for opening a current account?

Prerna is a sole proprietor. Over the past decade, her business has grown from operating a neighbourhood corner shop, selling accessories such as artificial jewellery, bags, hair clips and nail art to a retail chain with three branches in the city. Although she looks after the varied functions in all the branches, for better management of the business she is thinking to convert her sole proprietorship into some other form of business. She also has plans to open branches countrywide. However, she is afraid of the fact that in case the business incurs losses, her personal property may be called upon to pay the business debts. She is also feeling that she may not be able to effectively manage a large business because of her deteriorating health.

1. Identify and explain the features of sole proprietor business highlighted in the above case.
2. Also suggest to her the form of business organisation which will help her in continuing her business, stating reason in support of your answer.

Fixed Expenses = Quantity Sold Gross Profit Per Unit. How?

Write a short note on 'Return on Investment'.

What is sales strategy?

Aditya Bearings Ltd. are the manufacturers and suppliers of ball bearings to fan manufacturing companies. The company requires 900kg. of wrought iron for its production process. The cost of placing each order is ₹ 50 and carrying cost is ₹ 100. Calculate Economic Order Quantity.