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

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What is a business opportunity?

[0.01] Entrepreneurial Opportunity
Chapter: [0.01] Entrepreneurial Opportunity
Concept: Concept and Elements of Business Opportunity

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

[0.01] Entrepreneurial Opportunity
Chapter: [0.01] Entrepreneurial Opportunity
Concept: Concept and Elements of Business Opportunity

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

[0.01] Entrepreneurial Opportunity
Chapter: [0.01] Entrepreneurial Opportunity
Concept: Concept and Elements of Business Opportunity

What is meant by goal setting?

[0.03] Enterprise Marketing
Chapter: [0.03] Enterprise Marketing
Concept: Goal-setting and Smart Goals

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

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

[0.02] Enterprise Planning
Chapter: [0.02] Enterprise Planning
Concept: Types of Economic Activities

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.

[0.03] Enterprise Marketing
Chapter: [0.03] Enterprise Marketing
Concept: Goal-setting and Smart Goals

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.

[0.01] Entrepreneurial Opportunity
Chapter: [0.01] Entrepreneurial Opportunity
Concept: Concept and Elements of Business Opportunity

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

[0.01] Entrepreneurial Opportunity
Chapter: [0.01] Entrepreneurial Opportunity
Concept: Concept and Elements of Business Opportunity

Give any two contents of business plan.

[0.02] Enterprise Planning
Chapter: [0.02] Enterprise Planning
Concept: Business Organization

What is marketing strategy?

[0.03] Enterprise Marketing
Chapter: [0.03] Enterprise Marketing
Concept: Various Marketing Strategies Used in a Firm

Who plays a very vital role as a financial intermediary?

[0.06] Resource Mobilization
Chapter: [0.06] Resource Mobilization
Concept: Types of Financial Market > Capital Market

State any one advantage each for a company that opts for private placement and rights issue as a source to raise funds.

[0.06] Resource Mobilization
Chapter: [0.06] Resource Mobilization
Concept: Types of Financial Market > Capital Market

Kavita started a boutique named ‘Stylo queens’. She replaced old sewing machines with new one’s during the pandemic to manufacture masks and PPE kits. Gradually her boutique became popular and seeing the swelled up demand for her products she further installed extra machines to cater to the growing demand of the increasing customers. From the profits earned, she decided to further expand the business by starting a new business of cushion covers and bed sheets.

  1. Identify the type of expansion mentioned above.
  2. What is the net result of such an expansion?
  3. Explain the expansion discussed above.
[0.04] Enterprise Growth Strategies
Chapter: [0.04] Enterprise Growth Strategies
Concept: Growth and Development of an Enterprise

‘While there are benefits of going public as a source of finance for a company, it also means additional obligations'.

Analyse and justify the statement.

[0.06] Resource Mobilization
Chapter: [0.06] Resource Mobilization
Concept: Types of Financial Market > Capital Market

Identify the place where transaction happens in shares or debentures subsequent to its primary offering.

[0.06] Resource Mobilization
Chapter: [0.06] Resource Mobilization
Concept: Types of Financial Market > Capital Market

Which among the following is NOT a method of raising the required capital in the primary market?

[0.06] Resource Mobilization
Chapter: [0.06] Resource Mobilization
Concept: Types of Financial Market > Capital Market
The United Nations has declared 2023 as the International Year of Millets. Many start up firms were influenced with this news and have started to create their own version using millets. One such company was 'Young You'; they created a new variety of product using millets which was targetted at the young generation.

Which of the following stage of enterprise process has the company followed in the above case?

[0.01] Entrepreneurial Opportunity
Chapter: [0.01] Entrepreneurial Opportunity
Concept: Process of Sensing Opportunities

Given below is the data from the cost sheet of ‘Shiv Dhaba’. Calculate the unit price per customer from the information provided.

Week  Number of people
taking meals
Average amount
billed (in Rs.)
Week 1 120 150
Week 2 60 205
Week 3 70 146
Week 4 80 221
Week 5 90 240
[0.05] Business Arithmetic
Chapter: [0.05] Business Arithmetic
Concept: Concept of Unit Price

In its vital role as a financial intermediary, capital markets satisfies the tastes of the savers and the need of the investors. Evaluate the given statement.

[0.06] Resource Mobilization
Chapter: [0.06] Resource Mobilization
Concept: Types of Financial Market > Capital Market

What factors are involved in the process of sensing an entrepreneurial opportunity?

[0.01] Entrepreneurial Opportunity
Chapter: [0.01] Entrepreneurial Opportunity
Concept: Factors Involved in Sensing Opportunities
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