Understanding the Market — Entrepreneurship STD 11 Commerce — Question

Long-term finance is used for meeting certain common expenses by all businesses. Identify those expenses.

Fill in the blanks using the options given below:
(Variable, cost of goods sold, unit of sale, net sales, unit cost, unit price)
The cost incurred by a company to produce, store and sell one unit of a particular product is referred to as ..........

Rahul opened a non-veg fast food joint in the holy city of Haridwar. His business failed in a couple of months only. Which factor was responsible for Rahul's failure? Which value stands affected?

Razaq is a native of the beautiful valley of Kashmir. His family owns an apple orchard. During his summer break, he decided to help his family at the orchard. He observed that a lot of time was lost in plucking and picking apples. Being of an innovative mind, he worked on solving the above problem and made a simple plucking device attached with a net and a knife. This saved considerable time and money.

1. Identify the role played by Razaq.
2. Identify any one value communicated by Razaq.

What changed with reference to market in the fifties and sixties?

Taxes can be classified into two broad categories. Name them.

Due to the enforcement of Euro-IV emission norms, Maruti Limited had to phase out the production of 'Esteem' model of cars. Identify and state the dimension of environment highlighted in the given statement.

Give two examples of self-actualisation needs.

State the first step of, marketing research process.

Name the word 'mentor' comes from.