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

State any two objectives of problem identification.

How is the channel of distribution influenced by the type of buyer?

The role of a venture capitalist in an organization is dependent on the stage at which an organization is being funded by the venture capitalist. Evaluate.

Explain the ways in which one business can acquire another.

What is Idea Generation?

Examine the sources from where business ideas emerge.

Explain in detail Idea Fields.

Mr. Raghav had always wanted to manufacture an innovative, energy efficient fan. He was looking into various options and has finally narrowed it down to one option. He understands that the entire idea would have to follow a process. Identify and explain the process.

These are convenient frames of reference for streamlining the process of generation of ideas. Identify them and explain any three briefly.

Varun decided to start his own venture and was looking into various ideas. Explain to him various sources from where he can get some good business ideas.

What are the components to a successful sales strategy?

Varied reasons are cited by firms for joining hands with another company to enhance their growth. Analyse any two reasons for the same.

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.

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.?

Enlist any two ways in which creative ideas can be generated.

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?

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?

What is required to convert an idea into opportunity?

What are the factors an entrepreneur has to keep in mind while assessing the market?

Discuss the steps involved in the investigation of ideas.