Understanding the Market — Entrepreneurship STD 11 Commerce — Question

Diplomats excel in which business and why?

Name the most important core value which is found in majority of entrepreneurs.

Name the types of entrepreneurs.

Give examples of professional experts who render their services to run the business enterprises.

Ram Prakash is the owner of a small eatery operating in the suburbs of Delhi. He is making just enough to make his ends meet. Since, his eatery was in a strategic location, quite close to a school, he got an offer from Freezo ice-cream to install an ice-cream freezer and sell their products from his shop. But Ram Prakash refused to embrace this opportunity. To which category of entrepreneurs do Ram Prakash belong to?

Unit of sale is different for different business. Keeping this in mind, give the unit of sale for the following business.

1. Real estate developer.
2. Baker.

How has Richard Cantillon defined the term 'entrepreneur'?

What is market?

Describe Horizontal Integration.

How do the Motivators tend to deal with the most negative arguments?