Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

Balwant Singh of Bikaner thought of air-conditioned houses which do not require electricity. He wanted to explore the idea of construction of such eco-friendly houses which will remain cool in summers and warm in winters. He conceived the idea in 2010, but the final product could take shape in 2014. Name the stage in 'The Creative Process' described in the above lines.

For which type of products can the manufacturer initially fix a very high price? Name the pricing Mots method which is used for such type of products.

What is Custom duty?

Define Stock Exchange.

Answer each of these questions in about fifteen words:
What do you mean by stock exchange?

What is break-even analysis?

Which process helps an entrepreneur to know about a market potential?

What is a business opportunity?

What are the factors you would keep in mind for the distribution to a seasonal goods market?

From what do entrepreneurs spot business opportunities?