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CBSE solutions for Class 12 Entrepreneurship chapter 1 - Entrepreneurial Opportunity

Class 12 ENTREPRENEURSHIP textbook

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CBSE Class 12 ENTREPRENEURSHIP

Class 12 ENTREPRENEURSHIP textbook - Shaalaa.com

Chapter 1: Entrepreneurial Opportunity

Very Short Answers (exceed 15 words)Short Answers (exceed 50 words)Short Answers (exceed 75 words)Long Answers (exceed 150 words)Very Long Answers (exceed 250 words)Hots QuestionsEvaluation and multi-disciplinary QuestionsApplication-Based Questions

Chapter 1: Entrepreneurial Opportunity Exercise Very Short Answers (exceed 15 words) solutions [Page 27]

Very Short Answers (exceed 15 words) | Q 1 | Page 27

What is a business opportunity?

Very Short Answers (exceed 15 words) | Q 2 | Page 27

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

Very Short Answers (exceed 15 words) | Q 3 | Page 27

 Define the term environment scanning.

Very Short Answers (exceed 15 words) | Q 4 | Page 27

List the environmental factors affecting external environment.

Very Short Answers (exceed 15 words) | Q 5 | Page 27

What is the meaning of trend spotting?

Very Short Answers (exceed 15 words) | Q 6 | Page 27

What is required to convert an idea into opportunity?

Very Short Answers (exceed 15 words) | Q 7 | Page 27

What is Idea Generation?

Chapter 1: Entrepreneurial Opportunity Exercise Short Answers (exceed 50 words) solutions [Page 27]

Short Answers (exceed 50 words) | Q 1 | Page 27

What is the purpose to scan the environment?

Short Answers (exceed 50 words) | Q 2 | Page 27

What are the factors involved in sensing opportunities?

Short Answers (exceed 50 words) | Q 3 | Page 27

Draw the enterprise process diagram.

Short Answers (exceed 50 words) | Q 4 | Page 27

What is PESTEL model? Explain it.

Chapter 1: Entrepreneurial Opportunity Exercise Short Answers (exceed 75 words) solutions [Page 27]

Short Answers (exceed 75 words) | Q 1 | Page 27

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

Short Answers (exceed 75 words) | Q 2 | Page 27

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

Short Answers (exceed 75 words) | Q 3 | Page 27

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

Short Answers (exceed 75 words) | Q 4 | Page 27

What are the various ways in which an entrepreneur spot trends?

Chapter 1: Entrepreneurial Opportunity Exercise Long Answers (exceed 150 words) solutions [Page 27]

Long Answers (exceed 150 words) | Q 1 | Page 27

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

Long Answers (exceed 150 words) | Q 2 | Page 27

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

Long Answers (exceed 150 words) | Q 3 | Page 27

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

Long Answers (exceed 150 words) | Q 4 | Page 27

 Explain creative process.

Long Answers (exceed 150 words) | Q 5 | Page 27

What is Innovation and explain the elements of innovation process?

Chapter 1: Entrepreneurial Opportunity Exercise Very Long Answers (exceed 250 words) solutions [Page 27]

Very Long Answers (exceed 250 words) | Q 1 | Page 27

Elaborate the factors involved in sensing opportunities.

Very Long Answers (exceed 250 words) | Q 2 | Page 27

Examine the sources from where business ideas emerge.

Very Long Answers (exceed 250 words) | Q 3 | Page 27

Discuss the steps involved in the investigation of ideas.

Very Long Answers (exceed 250 words) | Q 4 | Page 27

What do you understand by Trend Spotting? What are the ways by which entrepreneurs can spot trends?

Very Long Answers (exceed 250 words) | Q 5 | Page 27

Explain in detail Idea Fields.

Chapter 1: Entrepreneurial Opportunity Exercise Hots Questions solutions [Page 28]

Hots Questions | Q 1 | Page 28

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.

Hots Questions | Q 2 | Page 28

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.

Hots Questions | Q 3 | Page 28

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

Hots Questions | Q 4 | Page 28

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.

Chapter 1: Entrepreneurial Opportunity Exercise Evaluation and multi-disciplinary Questions solutions [Page 28]

Evaluation and multi-disciplinary Questions | Q 1 | Page 28

‘Environmental factors exert influence upon each other and do not operate in isolation’. Discuss.

Evaluation and multi-disciplinary Questions | Q 2 | Page 28

“If you don’t adapt, you don’t endure”. Evaluate the validity of the statement.

Chapter 1: Entrepreneurial Opportunity Exercise Application-Based Questions solutions [Page 28]

Application-Based Questions | Q 1 | Page 28

Vinay was a young entrepreneur who wanted to start a new business with an initial investment of 25 lakhs. He was not sure of what business he has to undertake. His friend suggested seeking the help of professionals who would spot the latest trends in the market and give him an idea, but Vinay decided to do it by himself. Suggest the various ways by which he can do it.

Chapter 1: Entrepreneurial Opportunity

Very Short Answers (exceed 15 words)Short Answers (exceed 50 words)Short Answers (exceed 75 words)Long Answers (exceed 150 words)Very Long Answers (exceed 250 words)Hots QuestionsEvaluation and multi-disciplinary QuestionsApplication-Based Questions

CBSE Class 12 ENTREPRENEURSHIP

Class 12 ENTREPRENEURSHIP textbook - Shaalaa.com

Textbook solutions for Class 12


























CBSE solutions for Class 12 Entrepreneurship chapter 1 - Entrepreneurial Opportunity

CBSE solutions for Class 12 Entrepreneurship chapter 1 (Entrepreneurial Opportunity) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the CBSE Class 12 ENTREPRENEURSHIP textbook solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com are providing such solutions so that students can prepare for written exams. CBSE textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in Class 12 Entrepreneurship chapter 1 Entrepreneurial Opportunity are Concept and Elements of Business Opportunity, Factors Involved in Sensing Opportunities, Concept of Environment Scanning, Enlist the Various Factors Affecting Business Environment, Problem Identification, Idea Fields, Technique of Transformation of Ideas into Opportunities, Trend Spotting, Elaborate on the Creative and Innovative Processes.

Using CBSE Class 12 solutions Entrepreneurial Opportunity exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in CBSE Solutions are important questions that can be asked in the final exam. Maximum students of CBSE Class 12 prefer CBSE Textbook Solutions to score more in exam.

Get the free view of chapter 1 Entrepreneurial Opportunity Class 12 extra questions for Entrepreneurship and can use Shaalaa.com to keep it handy for your exam preparation

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