Please select a subject first
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Given below is the data from the cost sheet of ‘Shiv Dhaba’. Calculate the unit price per customer from the information provided.
| Week | Number of people taking meals |
Average amount billed (in Rs.) |
| Week 1 | 120 | 150 |
| Week 2 | 60 | 205 |
| Week 3 | 70 | 146 |
| Week 4 | 80 | 221 |
| Week 5 | 90 | 240 |
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In its vital role as a financial intermediary, capital markets satisfies the tastes of the savers and the need of the investors. Evaluate the given statement.
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What factors are involved in the process of sensing an entrepreneurial opportunity?
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What are the factors involved in sensing opportunities?
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Enlist the various sources which lead to the emergence of basic ideas.
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“Sensitivity to environmental factors is essential for an entrepreneur.” In light of above statement explain the importance of environment scanning.
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Elaborate the factors involved in sensing opportunities.
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What are the components of marketing mix?
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Assertion (A): In franchising there is usually a much higher likelihood of success when an individual opens a franchise as opposed to a mom-and-pop business.
Reason (R): It runs on a proven business formula that is already in place.
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Franchising is advantageous for both franchisor and franchisee. Explain five advantages of franchising for the franchisee.
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How is franchising a better option for external expansion in case of start-ups?
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An entrepreneur perceives opportunities, synthesizes the available information and analysis emerging patterns so that it can be shared and supported by all customers, partners, employees and suppliers. Comment on any two factors involved.
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Fast Rite Ltd. manufactures a variety of stationery, but its most popular product is its pen. Three varieties of pens to suit the needs of its users.
The details of the pens are given in the table below.
| Variety | Classic Gel Pen | Executive Ball Pen | Four-in-one Ball Pen |
| Selling Price per unit (in rupees) |
15 | 21 | 36 |
| Variable cost per unit (in Rupees) |
9 | 14 | 19 |
| Sales Mix | 20% | 20% | 60% |
The total fixed cost is Rs. 2,56,000.
Calculate the following from the information given above.
- Total weighted average contribution margin
- Breakeven Quantity for each variety
- Break-even (in Rupees) for Four-in-one Ball Pen
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Define the term environment scanning.
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What is the purpose to scan the environment?
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Why is a logo important for a company?
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The entrepreneurs have an option to brand their product alpha-numerically, as it signifies ______.
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Explain five common types of Intellectual Property Rights.
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Environmental analysis is required by every firm to determine the opportunities and threats in an organisation. What is required to process and analyse the so obtained data?
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