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

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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

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: Capital Markets

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: Capital Markets

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: Capital Markets

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

What are the factors involved in sensing opportunities?

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

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

[0.01] Entrepreneurial Opportunity
Chapter: [0.01] Entrepreneurial Opportunity
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.

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

Elaborate the factors involved in sensing opportunities.

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

What are the components of marketing mix?

[0.03] Enterprise Marketing
Chapter: [0.03] Enterprise Marketing
Concept: 4p’s of Marketing

Assertion (A): In franchising there is usually a much higher likelihood of success when an individual opens a franchise as opposed to a mom-and-pop business.

Reason (R): It runs on a proven business formula that is already in place.

[0.04] Enterprise Growth Strategies
Chapter: [0.04] Enterprise Growth Strategies
Concept: Franchising

Franchising is advantageous for both franchisor and franchisee. Explain five advantages of franchising for the franchisee.

[0.04] Enterprise Growth Strategies
Chapter: [0.04] Enterprise Growth Strategies
Concept: Franchising
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