Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

Explain in detail Idea Fields.

Number of people who took their meals and the total billing for each of the 5 weeks is in the HOTS following table. What are the unit of sale' and the 'unit price' in this case? If the variable cost is 50% of the sale price, calculate the 'unit cost' and the gross margin' per unit of sale.

Weeks	Number of people taking meals	Total amount billed (₹)	Average amount billed (₹) per customer
Week 1	120	18,000	150
Week 2	60	12,300	205
Week 3	70	10,220	146
Week 4	80	17,680	221
Week 5	90	21,600	240
Total	420	79,800

RW, a public limited company collects waste from houses, offices and factories. Most of the waste is burnt to produce heat and electricity for the company's own use. This saves the cost for the company. But recent increase in customers has increased waste and now it has started dumping waste in old quarriwhere it is causing bad smell and gas emissions. In its business plan, it has stated 'RW will become country's number one waste business and will protect the environment for our children's benefit'.

1. What is the difference between private limited company and public limited company? Give one difference.
2. The company's goals do not appear to be completely S.M.A.R.T. Do you agree? Give reasons.
3. What values are not taken care of by RW (any two)?

Mr B the financial manager of ABC Company purchases 100 shares of the company just before the rights issue was announced. Is the behaviour of the manager ethical? What would you do as a legal advisor of the company?

Explain the following features of a cooperative society:

1. Democratic management
2. Capital and return thereon
3. Distribution of surplus

(I) ‘The highly anticipated Initial Public Offer (IPO) of Life Insurance Corporation of India (LIC), emerged as the largest turnout in terms of public participation in the nation's history.’
Identify the type of capital market LIC of India has approached.
(II) Distinguish between the two types of capital markets.
(III) ‘Capital markets are an important source of raising finance for entrepreneurs.’
Justify the statement, giving valid reasons in support of your answer.

Name and explain the type of capital which is known as risk capital of an enterprise. State any two advantages and any two limitations of this capital.

Selection of form of organisation is mostly affected by which factors?

What is penetration pricing method and enlist it’s advantages and disadvantages.

Abhimanyu Industries Ltd. had a team of professionals and experts to draft a comprehensive yearly document with all the relevant details of internal and external elements in managing the venture. This document acts as a decision-making tool for the management.
The Chief Executive Officer of the company always pays special focus on one element of this document that ensures the orderly flow of materials from raw state to finished product with a proper system of quality control, as according to him ‘work your plan’ is more important than ‘plan your work’.

1. Identify the ‘comprehensive yearly document’ being prepared by Abhimanyu Industries.
2. How is this plan a ‘decision-making tool’ for the management?
3. Identify the element that is the priority of the CEO of the company.
4. Why is the element as identified in (c) important?