Question
Explain any six idea-fields which act as convenient frames of references for an entrepreneur at the time of generating ideas.

Answer

Six Idea Fields which act as Convenient frames of references for an entrepreneur at the time of generating ideas are:
  1. Natural resources.
  2. Existing Products or Services.
  3. Market driven or Demand-driven ideas.
  4. Trade-related ideas.
  5. Service Sector ideas.
  6. Creative Efforts.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

Harish is working as the chief accountant in ABC Infrastructure Ltd. He came to know that the company is planning to announce an interim dividend. He purchased 2000 shares of the company at the market price of ₹215 with the expectation of an appreciation in the market price. When the price increased to₹ 537 he sold his holdings and made a handsome profit. Name the related concept which social values have been affected here?
Discuss the success journey of Goli Vada Pav till now.
What is included in the ‘Human Resources’ of an enterprise? State the steps needed to develop a good human resource for the organisation.
Entrepreneurship does not emerge and grow spontaneously. Rather it is dependent upon several various environmental factors. Explain them.
An entrepreneur can raise the required capital in the primary market. Explain the various methods of raising the funds in the primary market by an entrepreneur. Give some value points for this method of raising funds.
Discuss growth sustaining activities giving appropriate examples.
How growth is essential for the existence of an enterprise?
New trend Electronics shop sold in one day following items at the prices indicated:
Product
Number of Customers
Tota;l amount Billed(₹)
Average amount billed (₹) per customer
Electrical switches
12
2400
200
Dome camera
3
9000
3000
PVC Cables
12
6000
500
Insulated Cables
8
4800
600
LED Bulb
13
7800
600
LED Tubleight
16
3200
200
Junction Boxes
4
4000
1000
Portable Lamp Stands
2
600
300
Total
70
37,800
 
The Shopkeeper also found out, based on the number of bills issued by him, that there were 70 customers. If customer is the unit of sale. What is the unit price? If the cost of each stationery item is 70% of the selling price.
Calculate:
  1. Unit Price.
  2. Unit Cost.
  3. Gross Margin per unit of sale.
What do you understand by SKU? What details should it include? Give one example of it.
The Ganges Pump Co. uses about 75,000 valves per year and the usage is fairly constant of 6,250 per month.
The valve costs 1.50 per unit when brought in quantities and the carrying cost is estimated to be 20% of average inventory investment on the annual basis. The cost of placing an order and process the delivery is 18.
You are required to determine
  1. Economic Order Quantity, and
  2. Nuzber of order to be placed.
  3. What value points you can conquer?