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

What is a business opportunity?

Write the meaning of product identification in terms of business opportunity.

“An opportunity may be derived from the needs and problems of the society.” Comment.

What is meant by goal setting?

Give the meaning of tagline with the help of an example.

What are the rules for goal setting?

Explain in detail SMART goals?

Assertion (A): For a trading organization, the operating cycle will be shorter.

Reasoning (R): There is no manufacturing in a trading organization.

The level of sales to the level of revenue generated is a useful parameter for mapping an organization's present and future course of action. Justify.

Assertion (A): The basic test of a successful entrepreneur is the identification of business opportunity in the environment.

Reason (R): In order to be successful an entrepreneur needs to initiate steps to produce and sell goods and services to make the best use of that opportunity.

‘Finance is the elixir for any business’. Justify the given statement.

Give any two contents of business plan.

What is marketing strategy?

What does the marketing strategy of a company include?

What is sales strategy?

Explain the different types of sales strategies?

Why should we advertise?

What are Public Relations?

 Who is a stakeholder?

 What are the main public relations tools?