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Commerce (English Medium) Class 12 - CBSE Question Bank Solutions for Entrepreneurship

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Entrepreneurship
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Enlist any three points of importance in framing the business plan.

[2] Enterprise Planning
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Draw the enterprise process diagram.

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Explain the steps of creative process.

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What is Innovation and explain the elements of innovation process?

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What is negotiation?

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Explain the methods of negotiation.

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What is meant by moving up the value chain? Explain with the help of an example.

[4] Enterprise Growth Strategies
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Explain in detail Porter’s Generic Value Chain with the help of a diagram.

[4] Enterprise Growth Strategies
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What is the need for a business plan?

[2] Enterprise Planning
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Elaborate on various formats in presenting a business plan to prospective investors.

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As a chemistry enthusiast, Athavan was always very innovative and wanted to try out new things. He had an idea of making a new stain remover which will help in removing stains very fast from clothes. He did a market research to find out the various stain removers available in the market to foresee the future of the product in the market.

Which of the following step of creative process is he following?

[1] Entrepreneurial Opportunity
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Carpet weaving has been a major industry in Kashmir. Bareen wanted that this cottage industry to be known worldwide and that it gets its due importance. She along with her friends and help from the government decided to market and sell the same. She organised the required raw material and human resource for carpet weaving.

Identify the element of innovation process that Bareen is performing

[1] Entrepreneurial Opportunity
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What is break even analysis?

[2] Enterprise Planning
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Explain the meaning of CRM?

[3] Enterprise Marketing
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 Explain the benefits of CRM?

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Explain the requirements for value chain management.

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What is a production plan?

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What is employee management?

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 Is vendor management different from employee management? Enumerate.

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What are the various factors which help in employee management?

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