Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

Picturising ahead every step in a long series of separate operations, each step to be taken in the right place, of the right degree and at the right time. Each operation is to be done at maximum efficiency.
This is the objective of one of the components of a business plan.

1. Identify the component.
2. There are three situations before the venture under this component.

Explain briefly those three situations.

What does inventory mean in general sense?

In late sixties, when there was a boom in agriculture, poultry farming, milk production and fishing, a minister started poultry farming in his constituency. Where similar projects were thriving in neighbouring areas, it was a complete disaster in minister's constituency because the constituents were predominantly vegetarian.

1. The minister has not monitored his idea against environment surrounding. He has failed to do what?
2. Which external environment has led to failure? Explain.

Explain value addition by giving examples.

Explain the role of financial planning in financial management.

State the advantages of ‘Inventory Control’.

What are the symptoms of business failure as exhibited by the profit and loss statement?

Explain the role of financial planning' in financial management.

Give the unit of sale for the following businesses: Mall, Restaurant, Cricket Match, Theatre.

Explain how capital markets are the most important source of raising finance for an entrepreneur?