Understanding the Market — Entrepreneurship STD 11 Commerce — Question

Cite any three ways in which political environment can work against the interest of entrepreneurs?

State and discuss the various miscellaneous internal factors which can contribute towards the success or failure of the business.

Explain the following myths related to entrepreneurship:

1. Starting a business is easy.
2. Most entrepreneurs start a business in attractive industries.
3. Most entrepreneurs are financially successful.

”Economic factors refer to the purchasing power of the potential customers.” Explain. What is meant by the terms "purchasing power" & "potential customers"?

The following information relates to 'Ramu' who is running a panipuri centre “Bholenath Panipuri” selling different flavours.
Fixed cost = ₹ 10,000
Variable cost = ₹ 5 per unit
Sales price = ₹ 10 per unit

1. The minimum number of units that must be sold for the company to break-even.
2. Show break-even in terms of rupees.
3. Calculate B.E.P.( in Units and in ₹) if:

1. Fixed cost decreases by 10%.
2. Fixed cost increases by 10%.
3. Variable cost increases 10%.
4. Selling cost increases by 10% and fixed cost increases by 2,000.

What is the usefulness of Market Research?
OR
“Marketing Research is thus that versatile activity which is used by many different kinds of organisations to gather a variety of information”. Explain.

"Innovation and creativity both are interrelated" Explain.

Discuss briefly the various strategies alternatives available to a firm for achieving its objectives.

What is business in cubation?

What is 'Market Survey‟?