Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

Plastic World Limited' is leading manufacturer of bottles and tiffins for school going children. Recently, it introduced a new bottle with an adjustable sipper top for young children. Also, in an effort to safeguard environment, it started using recycled material for packing. Which type of value additions can the above acts be categorised into? Explain.

There are three key elements in the process of financial management. Explain them.

Negotiation is important for both buyer as well as seller. Keeping this statement in mind, give the importance of negotiation.

What is meant by operational budget?

Ganga Dhar was working as the production manager in a German company. The company was producing remote operated high-end kitchen equipment. He resigned from his job and returned to Patna, his hometown. In Patna, he met Aditya, his old friend, who had been managing his factory producing steel utensils with old technology. Ganga Dhar encouraged Aditya for the production of high-end kitchen equipment. He also promised to help Aditya by providing funds and his expertise so that the production unit run by Aditya can develop into a big production house and its investors may get high return on investments.Identify the kind of 'source of capital' provided by Ganga Dhar to Aditya and explain the same.

Write down the sectors of organised and unorganised market.

Explain any three features of a 'Co-operative Organisation'.

Naveen after completing his M. Tech in Nano Technology wanted to start his own business. He thought to manufacture sophisticated instruments used in surgery. He knew that his knowledge of Nano Technology will help him in manufacturing these instruments. According to him such instruments will help the surgeons to operate upon the patients with accuracy, with minimum blood loss and quick post operation recovery; Such types of instruments are used in advanced countries only and there was a risk in marketing the same. The cost price of machinery required, for manufacturing such instruments was very high and more research was required in this field of Nano Technology. For seed funding, Naveen approached 'Himani Capital Ltd.' who finance such types of projects. 'Himani Capitals Ltd.' after analysing the proposal agreed to provide seed capital to Naveen.
Explain the different stages of 'Early stage financing' to seek venture capital finance after the one discussed above.

'Press advertising' and 'radio' are commonly used media for advertising. Explain them.

Differentiate between product franchise and manufacturing franchise.