Enterprise Marketing — Entrepreneurship STD 12 Commerce — Question

According to you, what kind of organisational set up is better – an autocratic form of an organisation where there is absolute centralisation of power and the communication from is from top to bottom.
OR
A democratic form of an organisation where power is decentralised and communication from both the ends. Justify?

Distinguish between Private Company and Public Company.
OR

Give the points for deciding the selection of Private or Public Company.

Explain the diagram of creativity.

After doing her M.Com. from 'Himachal Pradesh University of Shimla', Komal went back to her village in Kinnaur district of Himachal Pradesh. She wanted to contribute for the development of women of her village, so she formed an organisation, the membership of which was open for all the women villagers on voluntary basis by paying Rs.500 only which will be treated as their capital. Komal knew that the land of her village was suitable for the farming of medicinal plants. So she motivated the members of her organisations for growing medicinal plants in their fields under the guidance and help of the local agricultural department. It was also decided that the organisation will purchase the produce of each member and sell the same to drug manufacturing companies, at a very good price which was not possible for the members individually. The main objective of the organisation is to render services to its members rather than to earn profit.
A computer training centre for young boys and girls of the village was started under the guidance of Komal from the surplus of the profits.

1. Name the process that helped Komal in developing an idea into an opportunity.
2. Identify the kind of organisation that was formed by Komal.
3. State any two values which Komal wanted to communicate to the society.

Distinguish between ICICI and SIDBI.

What is a 'feasibility plan'? State any three reasons why the entrepreneurs need a feasibility plan.

Answers to these questions should not exceed 250 words:
What is a budgeting process?

Varshini started her high end boutique in a posh locality, but she was not aware of how to make her boutique popular in the area. Suggest some measures for it.

According to you, what kind of organisational set-up is better, an autocratic form of an organisation where there is absolute centralisation of power and the communication from is top to bottom?
OR
A democratic form of an organisation where power is decentralised and communication is from both the ends. Justify.

There are various ways in which an entrepreneur can spot trends. Describe the four ways of identifying the trends with the help of examples.