Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

What is of paramount importance for the success of any organization?

Answer each of these questions in about fifteen words:
What do you understand by private placement?

Which number is used as an identification number for Income Tax Department?

Define the term environment scanning.

Kumar belongs to a farmer’s family. One day a team of officials from the local block development office visited his village for discussing additional opportunities related to agriculture. The team discussed with the villagers how to develop fishery. The team explained about the technique of construction of ponds and the modern technology of growing fishes. The team also informed that the State agriculture department will provide loan at an interest rate of 2½ % per annum to the farmers who will engage themselves in the occupation and will also help the farmers in the marketing of the fishes. Kumar decided to engage himself in the fishery occupation.
Identify the 'idea field' that helped Kumar to engage himself in fishery occupation.

Profitability ratios help an entrepreneur by facilitating comparisons. Which comparison is being discussed?

Marketing Plan is a document:

1. Regarding the marketing objectives, strategies and activities to be followed by the new Enterprise.
2. Which describes the flow of goods/services from production point to the customers.
3. Which determines how many units must be sold or how much sales volume must be achieved in order to have break-even-point.
4. Which reflects the projected cash available with the Enterprise.

What is the difference between sales tax and excise duty?

What dual role an entrepreneur plays?

When do we conclude that a business has failed?