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CBSE solutions for Class 12 Entrepreneurship chapter 2 - Enterprise Planning

Class 12 ENTREPRENEURSHIP textbook

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CBSE Class 12 ENTREPRENEURSHIP

Class 12 ENTREPRENEURSHIP textbook - Shaalaa.com

Chapter 2: Enterprise Planning

Very Short Answers (10 words)Short Answers (50 words)Short Answers (75 words)Long Answers (100 words)Long Answers (250 words)Hots QuestionsValue Based QuestionsValue based Questions

Chapter 2: Enterprise Planning Exercise Very Short Answers (10 words) solutions [Page 88]

Very Short Answers (10 words) | Q 1 | Page 88

Give any two contents of business plan.

Very Short Answers (10 words) | Q 2 | Page 88

Who can write the business plan?

Very Short Answers (10 words) | Q 3 | Page 88

How many formats are available to design a successful business plan?

Very Short Answers (10 words) | Q 4 | Page 88

What is the meaning of shipping in the process of operational plan?

Very Short Answers (10 words) | Q 5 | Page 88

What is a proforma income statement?

Very Short Answers (10 words) | Q 5 | Page 88

 What is a proforma income statement?

Very Short Answers (10 words) | Q 6 | Page 88

What is break even analysis?

Very Short Answers (10 words) | Q 7 | Page 88

What is meant by a target market?

Very Short Answers (10 words) | Q 8 | Page 88

What is TAN?

Chapter 2: Enterprise Planning Exercise Short Answers (50 words) solutions [Page 88]

Short Answers (50 words) | Q 1 | Page 88

What is a Business Plan?

Short Answers (50 words) | Q 2 | Page 88

 What is elevator pitch?

Short Answers (50 words) | Q 3 | Page 88

What is production plan ?

Short Answers (50 words) | Q 4 | Page 88

Name the factors which affect the operational plan.

Short Answers (50 words) | Q 5 | Page 88

How many sources of funds are available for arranging funds for business enterprises? 

Chapter 2: Enterprise Planning Exercise Short Answers (75 words) solutions [Page 88]

Short Answers (75 words) | Q 1 | Page 88

Briefly, explain the objectives of operational plan.

Short Answers (75 words) | Q 2 | Page 88

Describe the contents of organizational plan.

Short Answers (75 words) | Q 3 | Page 88

Which common techniques are required to calculate the forecasting income?

Short Answers (75 words) | Q 4 | Page 88

Write the steps in preparing the marketing plan.

Short Answers (75 words) | Q 5 | Page 88

What is PAN? Why is it required?

Chapter 2: Enterprise Planning Exercise Long Answers (100 words) solutions [Page 88]

Long Answers (100 words) | Q 1 | Page 88

What is an operational plan? Discuss its blue print.

Long Answers (100 words) | Q 2 | Page 88

Define organisational plan? A business can be classified in how many categories? 

Long Answers (100 words) | Q 3 | Page 88

How many choices are there to start a business by a business man? Explain each of them 

Long Answers (100 words) | Q 4 | Page 88

What are the key areas, for a sound financial plan to work? 

Long Answers (100 words) | Q 5 | Page 88

What are the major financial items that should be included in the financial plan? 

Chapter 2: Enterprise Planning Exercise Long Answers (250 words) solutions [Page 88]

Long Answers (250 words) | Q 1 | Page 88

What is a business plan? Explain its importance. 

Long Answers (250 words) | Q 2 | Page 88

Describe the different elements of an operational plan. 

Long Answers (250 words) | Q 3 | Page 88

What is a financial plan? What are its objectives? 

Long Answers (250 words) | Q 4 | Page 88

Explain the investment decision under the financial plan? In which areas should the investment should be on the basis of priority?

Long Answers (250 words) | Q 5 | Page 88

What is manpower planning? Why is it necessary for every business unit?

Long Answers (250 words) | Q 6 | Page 88

What is a marketing plan? Why is it required in business enterprises?

Long Answers (250 words) | Q 7 | Page 88

Explain, in detail, the various formalities required to start a business.

Chapter 2: Enterprise Planning Exercise Hots Questions solutions [Page 89]

Hots Questions | Q 1 | Page 89

A person has decided to start a small leather belt manufacturing unit. He/she is not aware of the various formalities involved in the process of setting up the unit. Explain to him/her the procedure.

Chapter 2: Enterprise Planning Exercise Value Based Questions, Value based Questions solutions [Pages 89 - 90]

Value Based Questions | Q 1 | Page 89

The first stage of a business plan is to come up with a business name supposing you are an entrepreneur, who is in the stage of deciding abusiness name for your enterprise would you :
(i)Keep the name of your enterprise, similar to one of the enterprises that are already doing really well in the same line of business?
(ii)Select/create a completely new name for your enterprise and create a brand name of your own? Give reasons. (Honestly)

Value Based Questions | Q 2 | Page 89

An entrepreneur is doing an industry analysis. While he/she is analyzing his/her competitions in his/her line of business, he realises that the competitors are far better in their business plans and their execution. Should the entrepreneur add unique selling point in the existing plan to get a creative niche above others or should he/she go for a completely different line of business where the competition is less and he/she is easily able to place his/her feet in the market? Give reasons. (creativity and problem solving)

Value Based Questions | Q 3 | Page 89

You are an entrepreneur who is deciding the operational plan for your business.
While deciding the technology to be used, you come across three alternatives:
a) Use a cheaper technology which lets you dispose of the waste water and lets
you fix the price of your product low.
b) Use a technology that is a little expensive as it lets you recycle that waste water
into water fit for drinking. In this case, you will have to fix the price a little
higher in order to earn profits.
c) Use the technology that recycles the waste, do not change the price. And go
about cost cutting though efficient utilization of resources.

Value Based Questions | Q 4 | Page 89

An individual wants to start an enterprise that manufactures steam iron which can be imported from Germany. The material available in Germany is a little better in quality. However, there are no safety issues with the one available in India which material would you go for and why? (Social responsibility, import substitution).

Value Based Questions | Q 5 | Page 90

While doing the manpower planning an entrepreneur, decides to keep less qualified manpower and give them low wages and salaries to enable higher profits. Do you think his/her approach is correct and justified, why?

Value based Questions | Q 6 | Page 90

According to you, what kind of organisational set up is better – an autocratic form of an organization where there is absolute centralization of power and the communication from is from top to bottom. Or A democratic form of an organization where power is decentralized and communication from both the ends. Justify? 

Value Based Questions | Q 7 | Page 90

Raghav, an entrepreneur realises that the enterprise he wants to start has a potential risk of fire because the production process poses such a threat. Should he develop strategies to :
(i)Prevent the risk
(ii)Respond to the risk
(iii)Prevent as well as respond to the risk? Give reasons.

Chapter 2: Enterprise Planning

Very Short Answers (10 words)Short Answers (50 words)Short Answers (75 words)Long Answers (100 words)Long Answers (250 words)Hots QuestionsValue Based QuestionsValue based Questions

CBSE Class 12 ENTREPRENEURSHIP

Class 12 ENTREPRENEURSHIP textbook - Shaalaa.com

Textbook solutions for Class 12



























CBSE solutions for Class 12 Entrepreneurship chapter 2 - Enterprise Planning

CBSE solutions for Class 12 Entrepreneurship chapter 2 (Enterprise Planning) 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 provide 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 2 Enterprise Planning are Types of Economic Activities, Business Organization, Forms of Enterprises, Sole Proprietorship, Partnership, Joint Stock Company, Joint Hindu Family / Firm (Hufs), Co-operative Organisations, Business Plan, Description of Venture/Business Venture, Production Plan, Operational Plan, Elements of Operational Plan, Organizational Plan, Financial Plan, Components of Financial Plan, Manpower Planning, Marketing Plan.

Using CBSE Class 12 solutions Enterprise Planning 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 2 Enterprise Planning Class 12 extra questions for Entrepreneurship and can use Shaalaa.com to keep it handy for your exam preparation

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