Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

Now the world seems to follow what adage?

Products can be classified on a number of basis. Give their classification.

Financial information can be used by a number of persons. Name them.

What do you mean by Backward Integration?

What is a challenge faced by the Trailblazers?

Fill in the blanks using the options given below:
(Cash, taxes, revenue, costs, expenses, profit and lose statement, profitability, totle expenses, total renenue)
Profit is calculated as the difference between ............. and ..............

What do you mean by pricing?

‘Unit of sale' can be used as a tool of control. How?

Describe an example of collaboration.

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.