An Entrepreneur — Entrepreneurship STD 11 Commerce — Question

Explain the role played by entrepreneur as that of a problem solver with the help of a diagram.

"Teach-one" is a firm providing home tutors, who are expert in their respective subjects. It also provides on line teaching services for students of remote areas.

1. What would be the unit of sale for the firm?
2. Identify any one value communicated by the firm.

When does a firm opts to pursue expansion strategy?

What do you understand by finance?

Which variables should be studied by the entrepreneur before selecting any mode of transferring goods?

Name the factors giving rise to internal risk.

When an entrepreneur selects to follow stability strategies?

What does a mentor do?

Sameer has just returned to India, after two years of working in Japan. He joined an advertisement company and was dismayed at the lack of mentorship in the company. In Japan, as soon as he had joined the company, he was assigned to a mentor who helped him to adapt to the new culture and the work environment and also helped him to progress in his career. He asked the company to implement a mentorship programme, stating that it is beneficial for all.

1. Explain to the management the concept of mentorship.
2. Give any five benefits that an organisation gets from mentoring.

How can an entrepreneur procure professional assistance.