Understanding the Market — Entrepreneurship STD 11 Commerce — Question

How is licensing used by the firms for entering in global market?

Name the book in which all cash transactions are recorded.

What is meant by the term Demographic Forces.

What is the outcome of political factor risk?

‘An enterprise may be defined as an under taking or adventure involving uncertainty and risk and requiring innovation'. Keeping the given statement in mind, give the distinct features of an enterprise.

Market survey is a process comprising of a series of steps. State the steps of market survey.

Give some promotion variables of the marketing mix.

Describe Horizontal Integration.

Divij is a highly innovative person working in a cement company. He devised a new form of grey cement which is made from plastic fillets and organic waste. His company immediately realised the potential of his idea and made him the head of the project to develop the above product commercially. He was also offered a share in profits of the above project. Is Divij an employee or an entrepreneur? Discuss. Also identify one value communicated by him by developing such a product.

Entrepreneurship has certain advantages as well as certain disadvantages. State any two of its advantages and disadvantages.