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Varied reasons are cited by firms for joining hands with another company to enhance their growth. Analyse any two reasons for the same.
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To be successful an entrepreneur needs to work on various areas. One such area is generation of ideas which is very crucial for the ultimate success of the firm. In order to streamline the generation of ideas entrepreneurs will have to use various convenient frames of reference. Comment on any two such frames.
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VG Ltd. uses EOQ logic to determine the order quantity for its various components and plan its orders. The Annual consumption is 80,000 units, Cost to place one order is ₹ 1,200; Cost per unit is ₹ 50 and carrying cost is 6% of Unit cost.
What is the EOQ for VG Ltd.?
How will the calculation of EOQ benefit VG ltd.?
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Enlist any two ways in which creative ideas can be generated.
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What is the most essential component of mergers? Distinguish between the two forms of this component. How does this factor play a key role in deciding whether any organization should go for a merger?
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The quantity of jeans sold by a shop is 1,200 per month @ ₹ 1,100/-. The cost of placing an order and receiving goods is ₹ 1,500/- per order. The inventory holding cost is ₹ 30/- per annum. What is the economic order quantity for the shopkeeper?
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What is required to convert an idea into opportunity?
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What are the factors an entrepreneur has to keep in mind while assessing the market?
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Discuss the steps involved in the investigation of ideas.
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“If you don’t adapt, you don’t endure”. Evaluate the validity of the statement.
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Vinay was a young entrepreneur who wanted to start a new business with an initial investment of 25 lakhs. He was not sure of what business he has to undertake. His friend suggested seeking the help of professionals who would spot the latest trends in the market and give him an idea, but Vinay decided to do it by himself. Suggest the various ways by which he can do it.
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An individual wants to start an enterprise that manufactures steam iron which can be imported from Germany. The material available in Germany is a little better in quality. However, there are no safety issues with the one available in India which material would you go for and why? (Social responsibility, import substitution).
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According to you, what kind of organisational set up is better – an autocratic form of an organization where there is absolute centralization of power and the communication from is from top to bottom. Or A democratic form of an organization where power is decentralized and communication from both the ends. Justify?
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Given below are the factors necessary for developing a successful idea.
Identify the correct combinations from the given options.
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Which amongst the following values would help an entrepreneur to determine the Return on Investment?
- Net Profit
- Gross Profit
- Inventory carrying cost per unit.
- Total Capital Invested
- Weighted average contribution
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A grocery owner has an equity stake of ₹ 40,000/- in the business. He has borrowed ₹ 60,000/- at the interest rate of 10% per annum. He made a net profit of ₹ 20,000/- in one year.
What will be the Return on Equity for the grocery owner?
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Mr. Dhambani is the CFO of Cherico Industries. He has to present the analysis of the financial health of the company during the last financial year, 2022-2023. He is making a presentation for the Annual Board Meet. To clearly explain the position he needs to work on:
- Financial Plan
- Economic order quantity
- Return on Investment
- Break Even Analysis
- Return on Equity
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Jai Prakash Ltd., was running into losses for the past few years. The company appointed a consultant to look into the reasons for the loss. The consultant after analysing everything framed a sales strategy which helped the sales force spend time targeting the correct customer at the right time. This helped the company to revive their profits within a few months. Explain the types involved in this strategy.
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| Pooja after finishing her catering course wanted to start her pastry shop in her home town - Jaipur. She knew that there were a lot of national and international tourists who visit the place whom she considered as her target customers. She also planned to have a centralised kitchen to make the pastries and then use vans to transport to various shops all around Jaipur. For the same, she also decided to rent a warehouse near to her centralised kitchen. |
From the above case study, identify and explain the factors which Pooja has paid attention whilst doing market assessment.
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Explain the first five steps involved in idea and opportunity assessment.
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