Understanding the Market — Entrepreneurship STD 11 Commerce — Question

What basic resources are required to commence any enterprise?

Unit price is influenced by many factors. You are required to name the most ac important factor.

What changes are seen in Indian economy after globalization?

The word 'market' is derived from the Latin they word ‘marcatus’. What does ‘marcatus’ mean?

Razaq is a native of the beautiful valley of Kashmir. His family owns an apple orchard. During his summer break, he decided to help his family at the orchard. He observed that a lot of time was lost in plucking and picking apples. Being of an innovative mind, he worked on solving the above problem and made a simple plucking device attached with a net and a knife. This saved considerable time and money.

1. Identify the role played by Razaq.
2. Identify any one value communicated by Razaq.

Define and explain business risk.

Fill in the blanks using the options given below:
(One time cost, fixed, amount start-up cost, business, operational cost, nature, variable)
It is important to remember that fixed costs are "fixed in .............." and not necessarily "fixed in ............"

What are the two important elements to success of Diplomats?

Explain Business Intelligence using example.

What is the source of most innovative ideas?