Enterprise Marketing — Entrepreneurship STD 12 Commerce — Question

Bunty, a fitness freak NRI, had done his masters in nutritional sciences from U.K., during his vacations, he was disappointed to see that no Gymnasium in Delhi had a workout module to suit his requirement. Anyhow, Fitness Fine Gymnasium of his friend offered him freedom to exercise the way be wanted. In short time, Bunty became popular amongst the other members because of his knowledge, experience, competency, tactics and tips on exercising.
He now explored deeply his curiosity of starting a Gymnasium in Greater Kailash 2, having a fusion of both diet and exercise under one roof. He conducted a market research and subconsciously assimilated a whole data bank of information pertaining to lifestyle, interests, etc. of people in and around the area. He approached his father for financial help of 25 lacs as he had 20 lacs only. The ground floor of his flat was to be converted into a Gymnasium. He started networking and negotiating with the manufacturers who could provide him with customized machines of his choice. "One of the first task demanded of an entrepreneur is to manifest creative ability through the conceiving of new product-market propositions” Identify and explain the steps involved in this process being initiated by Bunty.

Describe a example showing quest for independence effects form's selection.

Before identifying a feasible product or process, an idea should be tested along certain parameters which involves a number of steps. Explain the first four steps.

State any three 'Direct Assistance' and any three 'Indirect Assistance' provided by Small Industries Development Bank of India.

TFCI is playing vital role in the development of entrepreneurship in modern economy‖. Comment.

Harish is working as the chief accountant in ABC Infrastructure Ltd. He came to know that the company is planning to announce an interim dividend. He purchased 2000 shares of the company at the market price of ₹215 with the expectation of an appreciation in the market price. When the price increased to₹ 537 he sold his holdings and made a handsome profit. Name the related concept which social values have been affected here?

What is sales tax?

"An opportunity may be derived from the needs and problems of the society." Comment.

Answer each of these questions in about two hundred and fifty words:
Explain the advantages of franchising, both for the franchisor and franchisee.

Discuss the steps involved in the investigation of ideas.