Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

At present, many venture capital companies have been set-up in India, in both the public and the private sector. Name any two such institutions.

In late sixties, when there was a boom in agriculture, poultry farming, milk production and fishing, a minister started poultry farming in his constituency. Where similar projects were thriving in neighbouring areas, it was a complete disaster in minister's constituency because the constituents were predominantly vegetarian.

1. The minister has not monitored his idea against environment surrounding. He has failed to do what?
2. Which external environment has led to failure? Explain.

Which budgets are generally prepared by a small business?

How does the nature of products' and 'nature of market' affect the selection of channels oj distribution?

Beta Ltd. is a steel manufacturing company having its headquarters at Mumbai. It is the tenth largest steel manufacturing company of the world. Gama Ltd. are also steel manufacturers with their headquarters in Rangoon, the capital of Myanmar. For a long period the company (Gama Ltd.) had been facing workers unrest and it decided to sell its business to an international bidder. The highest bid for this was made by Beta Ltd. for ₹ 10 lakh crores. Afterwards Beta Ltd. realised that the assets of Gama Ltd. were overvalued and liabilities were under-assessed and hence the price paid by them was higher. The employees of the two entities have different corporate cultures and styles of leadership which led to the problem of co-ordination. Ultimately Beta Ltd. had to close its business.

1. Identify the growth strategy adopted by Beta Ltd.
2. Quoting lines from the above paragraph, explain any two reasons for the failure of Beta Ltd. after it took over the business of Gama Ltd.

As the most basic thing, the entrepreneur must clearly state which things related to human resource?

Kareem after completing his XII class from his village school joined the course of electrician in an ITI in a town near his village. On completion of this course he tried for a government job but could not get the same. He, therefore, decided to work as a helper to a renowned electrician of the area. After working with him for two years, he decided to start his own electrician shop in the village. For this, he purchased equipment of Rs. 10,000 and hired a shop at a monthly rent of Rs. 2,000. He himself managed the shop.

1. Identify the kind of business organisation set up by Kareem.
2. State any four characteristics of the identified form of business organisation.

Describe the contents of an organisational plan.

Give one example of Partnership.
OR
GROWING TREND PARTNER UP! Give one example in support of this statement.