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

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What is a business opportunity?

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Concept and Elements of Business Opportunity

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

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Concept and Elements of Business Opportunity

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

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Concept and Elements of Business Opportunity

What is meant by goal setting?

[3] Enterprise Marketing
Chapter: [3] Enterprise Marketing
Concept: Goal–Setting and Smart Goals

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

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Factors Involved in Sensing Opportunities

What are the factors involved in sensing opportunities?

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Factors Involved in Sensing Opportunities

Enlist the various sources which lead to the emergence of basic ideas.

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Factors Involved in Sensing Opportunities

“Sensitivity to environmental factors is essential for an entrepreneur.” In light of above statement explain the importance of environment scanning.

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Factors Involved in Sensing Opportunities

Elaborate the factors involved in sensing opportunities.

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Factors Involved in Sensing Opportunities

Give any two contents of business plan.

[2] Entrepreneurial Planning
Chapter: [2] Entrepreneurial Planning
Concept: Business Organization

What is marketing strategy?

[3] Enterprise Marketing
Chapter: [3] Enterprise Marketing
Concept: Various Marketing Strategies Used in a Firm

 Define the term environment scanning.

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Concept of Environment Scanning

What is the purpose to scan the environment?

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Concept of Environment Scanning

Define branding?

[3] Enterprise Marketing
Chapter: [3] Enterprise Marketing
Concept: 4p’S of Marketing > Product

Why is a logo important for a company?

[3] Enterprise Marketing
Chapter: [3] Enterprise Marketing
Concept: 4p’S of Marketing > Product

List the environmental factors affecting external environment.

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Enlist the Various Factors Affecting Business Environment

What is PESTEL model? Explain it.

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Enlist the Various Factors Affecting Business Environment

Enlist the various sources which lead to the emergence of basic ideas.

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Enlist the Various Factors Affecting Business Environment

Entrepreneurship does not emerge and grow spontaneously. Rather it is dependent upon several various environmental factors. Explain them.

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Enlist the Various Factors Affecting Business Environment

Aditi started her boutique business near an industrial area and she was not getting clients as she had expected. What are the factors which have been ignored before starting the boutique? Suggest the various factors that she has to look into before venturing into business.

[1] Entrepreneurial Opportunities
Chapter: [1] Entrepreneurial Opportunities
Concept: Enlist the Various Factors Affecting Business Environment
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