Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

An entrepreneur should be aware of certain factors before entering into new geographical markets. State those factors.

Modern management thinkers define market as, “An arrangement of establishing effective relationship between buyers and sellers of the commodities. It consists of all the potential customers sharing a particular need or want, who might be willing and able to engage in exchange to satisfy that need or want”. Keeping the above definition in mind, what can be concluded about market mechanisms?

Fill in the blanks using the options given below:
(One time cost, fixed, amount start-up cost, business, operational cost, nature, variable)
The two types of costs are ........ and .............

How E-Commerce have resulted in easy launching of new products?

Profit is the only motivational force behind every entrepreneur'. Do you agree?

What is meant by "capital structure”?

Family's support is very important for an entrepreneur during the initial stages. Why?

"When it wanes, as it surely will in difficult times, take some guilt time." This statement shows which attitude of an entrepreneur.

Income statement is prepared relating to a point of time or a period of time.

Name the arrangement which is in the form of a temporary partnership between two or more firms to undertake a specific venture.