Enterprise Growth Strategies — Entrepreneurship STD 12 Commerce — Question

'Pricing is a crucial activity for an entrepreneur'. Explain.

An entrepreneur proposes to produce 500 pants per week for which he needs ₹ 30,000 for purchasing raw materials, ₹ 10,000 for payment of labour charges and ₹ 5,000 for purchase of a button machinery. His operating cycle is 3 weeks.
Calculate the working capital requirements of this entrepreneur and also give the meaning of 'operating cycle'.

What is meant by the innovative process?

Answer each of these questions in about fifty words:
Entrepreneur can use the capital raised for a variety of purposes, what are they?

Ram is living in a rural area where there is no school and people are illiterate. He decides to open a retail outlet of computer accessories. As an entrepreneur, do you think his decision is correct ? Give reason in support of your answer stating the relevant environmental factor.

Explain the organisation and management, membership and functioning of stock exchange in India.

‘Tata’ manufactured a motor car ‘Nano’ for common man which is very low in price. Name and explain the behavioural characteristic that develops the idea of ‘Tata’ into a viable and successful project.

State any two features of 'Factoring' as a source of finance.

Nirmal looking at the possibilities of doing business decided to start his equity research firm online. He put his content on web for companies and also adviced them. Indianinfoline.com launched by him also started e-booking in India.

1. Nirmal is engaging in which type of business activity. Explain it.
2. Explain other business activities apart from the one stated above.

Akanksha wanted to pitch in to reduce the financial crisis prevailing in her house and thought of working as a cook. She started working in three different households, one Punjabi, one Gujrati and one South Indian family. She soon realised that all the three households had different cuisine. It was indeed a challenge for her to learn the techniques of the cuisine. All the families greatly appreciated the timeframe within, which she had mastered the local cuisine. After working for them for a year, she decides to open a small eating joint of her own along with two of her friends by the name 'Hamara Khana'. They decided to share profits equally and that each of them will be liable for acts performed by the other two. Soon the eatery became a hot spot because of the fusion platter which was being offered.

1. Identify the kind of business organisation which was set-up by Akanksha and her friends.
2. Quoting the lines from the paragraph, state the features of this form of business organisation.