Business Arithmetic — Entrepreneurship STD 12 Commerce — Question

'Personal selling is a better method of sales promotion than advertisement. How? Explain with the help of any three points.

What is a product?

Aditya Bearings Ltd. are the manufacturers and suppliers of ball bearings to fan manufacturing companies. The company requires 900kg. of wrought iron for its production process. The cost of placing each order is ₹ 50 and carrying cost is ₹ 100. Calculate Economic Order Quantity.

What are the qualities of a good brand name?

Entrepreneur ensure the selection of best overall mix of financing. Why?

'The soft drink bottle of 300 ml of a company is placed at Rs. 7, while the 1000 ml bottle is placed at Rs. 15.' Name and explain the method of pricing involved in the above example.

How many sources of funds are available for arranging funds for business enterprises?

Name the element of a 'Project Report' that deals with the description and use of the product/service. Also state the other areas which find a place in this element.

Explain the role of financial planning in financial management.

In private sector, which form of business has more of a welfare motive than profit motive? Define that form, with one example.