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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Which of the below is a factor of production?

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Question

Which of the below is a factor of production?

Options

  • Land

  • Labour

  • Entrepreneurship

  • All of the above

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Solution

All of the above

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Chapter 23: Elements of Entrepreneurship - Exercise [Page 219]

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Samacheer Kalvi Commerce [English] Class 12 TN Board
Chapter 23 Elements of Entrepreneurship
Exercise | Q I. 1. | Page 219

RELATED QUESTIONS

Write short answer of the following.
Discuss the factors motivating the entrepreneur.


Match the correct pairs:

Group 'A' Group 'B'
a. Economic activity
b. Highly optimistic
c. External values
d. Internal values
e. Motivation




 
1. Self fulfillment
2. Entrepreneurship
3. Passion
4. A sense of belonging
5. Entrepreneur
6. Positive or negative
7. Benefit
8. Dimension
9. Necessity Based
10. Market opportunity

Match the pair:

Group 'A' Group 'B'
A. Gap filling function 1.2016
B. Entrepreneur 2. Employment
C. Agro tourism 3. Old methods of production
D. Technology 4. 2019
E. Startup India 5. Self-motivated
 

6. Rural tourism

  7. Entrepreneurship
  8. Latest knowledge
  9. Necessity Based
  10. Medical tourism

Select the correct option.

(Innovation, Niche Tourism, Agro tourism, Entrepreneurship)

Group A Group B
l) The idea of bringing Urban resident to agricultural farm _________________
2) Agro-tourism is a form of _________________
3) __________________ To introduce new combination of products & features
4) ___________________ A full time job which requires, dedication & Hard-work.

Answer in one sentence.

Who described ‘Entrepreneurship’ as the founding of a private enterprise?


Study the following case/situation and express your opinion.

Mr. Soham is a young MBA degree holder. Mr. Navin is a B.Com graduate. Mr. Soham is willing to start dairy farm at his village. Mr. Navin is willing to work as a cashier in Private Company.
  1. Find out the dream of Soham and Navin.
  2. State anyone feature of entrepreneur.
  3. To become a successful entrepreneur, which qualities Mr. Soham should have?

Justify the following statement.

Entrepreneur must be a good communicator. 


Entrepreneur is not classified as ______.


What are the characteristics of an entrepreneur?


Study the following case/situation and express your opinion:

Mr. Sumedh is a young MBA degree holder and Mr. Mayur is a B.Com graduate. Mr. Sumedh is willing to start a dairy farm at his village. Mr. Mayur is willing to work as a cashier in a private company.

  1. Find out the dream of Mr. Sumedh and Mr. Mayur.
  2. State any 1 feature of entrepreneur.
  3. To become a successful entrepreneur, which qualities Mr. Sumedh should have?

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