Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

What is a ‘Project Report’? Explain.

When should an entrepreneur choose company form of business organisation? List any four points.

Give any two points of distinction between ‘Basic Idea’ and ‘Post Scanning Idea’.

‘Safe Wheelers’ is an upcoming cab service. The promoters knew that they are entering a highly competitive market. They gathered information on existing cab services and changing customer preferences and incorporated those observations into their operations. In order to reach the customers promptly, they developed an ‘App’ to book, track and trace the cabs 24 × 7. To create an environment of trust all drivers were grouped into two shifts: 6am.–6pm. for female drivers and 6pm.–6am. for male drivers. GPS systems were installed in all cabs to monitor their movements. The fare payment could be either by an e-wallet or through the ‘Safe Wheelers Smart Card’. As soon as the services were launched, they were a grand success.
Identify and explain the concept that helped the company to succeed.

Name the two forms that merger can take place.

Arvind has started his Italian food based restaurant. Does he have to register his trademark? And give the reasons for the same.

“Primary market basically to facilitate transfer of resources from the savers to the entrepreneurs seeking funds.” How?

Shweta was in the last year of her graduation in Home Science. While visiting a trade exhibition, she came across a stall put up by a foreign company specialising in window cleaning. One day at her home, the problem of glass window cleaning was being discussed as she was living in a highrise building. Also, she read in newspaper that highrise buildings have increased a lot in Metros. She analysed that window cleaning in highrise commercial and residential buildings has a lot of scope. So she got trained for that in London and then started her own enterprise. Shweta tried to analyse information gathered from trade show, family and newspaper and bring them together to identify the right opportunity. What factor is being discussed in sensing opportunity? Explain.

As a young entrepreneur, you are investing in a book stall. What kind of sales promotion techniques MOTS would you adopt? Explain in brief.

A company uses 300 units of an item per day and the order lead time in 5 days. What should be the level of inventory when a new order is being placed?