Enterprise Marketing — Entrepreneurship STD 12 Commerce — Question

What is importance of Intellectual Property for an entrepreneur?

Ravi Bata a shoemaker and retailer formed a private limited company 50 years ago, named which FTS has now grown into country's largest private limited company.

1. Is Impression (Pvt) Ltd, in the private or the public sector?
2. Which type of business activity is impression engaged in?

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.

Answer each of these questions in about fifteen words:
Who is a franchisee?

What do you understand by internal sources of finance?

What are referred to as the 5 Ms?

What is defined as the cost incurred by a company to produce one unit of sale?

How is Excise duty different from Sales Tax?

Why is investigation of ideas important?

Reliance Industries donated a part of its revenue from its industrial units in Gujarat for the earthquake victims. Which form of value addition is being pursued by the company?