Enterprise Marketing — Entrepreneurship STD 12 Commerce — Question

Designing a mobile phone that can also take photograph is an example of which concept? Identify it and explain it.

Which documents are required to be filed by a public company to obtain certificate of commencement of business' by the Registrar of Company?

Why is Return on Investment deemed as a yardstick for the performance of an enterprise?

How is follow-up helpful to an entrepreneur?

Which assets are expected to get converted into cash or cash equivalents within a period of one year?

What is trading? What advantage does it possess over manufacturing?

Answers to these questions should not exceed 15 words:
Explain the following terms with proper example:
Cash outflow

A book shop sells pens 30,000 quantity per year. Demand is uniform. Purchase cost is 6 per pen. Holding cost per annum is 20% of purchase cost. Ordering cost is 500 per order. What should be the EOQ for the shopkeeper?

A young man, Vipul wants to start a business. He is not sure of the type of business he should start. His friends suggested him to seek the help of professionals. He contacted a professional who asked Vipul to pay a big amount for providing the reports and industry updates. Therefore he decided to search for the reports and industry updates himself. He started looking for the required information and reports on different websites regularly. He also interacted with people for the type of products they would like to use in future. In addition to this, he visited trade fairs, malls, exhibitions, etc. to assess the on-going trends.
Identify and state the way Vipul is using for spotting the trend. Also, state one more way which will help Vipul in starting his business.

Give any five privileges enjoyed by a private company.