Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

Answer each of these questions in about fifteen words:
'Production', 'Marketing', and Financing'–deemed as the most important factors for any business's survival rates. Among these name the most critical element and why?

Why is Return on Investment deemed as a yard stick for the performance of an enterprise? Explain with suitable example.

Given the same product and the same market, why is it necessary to adopt different types of market mix? Give reasons.

Define business. Mention the types of business activities.

Plastic World Limited' is leading manufacturer of bottles and tiffins for school going children. Recently, it introduced a new bottle with an adjustable sipper top for young children. Also, in an effort to safeguard environment, it started using recycled material for packing. Which type of value additions can the above acts be categorised into? Explain.

Nirmal looking at the possibilities of doing business decided to start his equity research firm online. He put his content on web for companies and also adviced them. Indianinfoline.com launched by him also started e-booking in India.

1. Nirmal is engaging in which type of business activity. Explain it.
2. Explain other business activities apart from the one stated above.

Give a list of documents to be submitted to the Registrar for obtaining certificate of incorporation.

All businesses must adopt some legal configuration that defines few things for a firm. Which are those?

“Synergy can be a positive or negative outcome of combined efforts”. Explain with the help of an example.

An effective sales strategy is important for a business. Why?