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Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Opportunity5 Marks
Question
Explain any six ways in which ideas can be generated.
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Answer

Ways to generate ideas:
  1. Brainstorming.
  2. Doing market research.
  3. Gathering information from publications.
  4. Seeking assistance from entrepreneurs.
  5. Using hobbies to generate ideas.
  6. Talking and listening to people.
  7. Day dreaming and fantasizing.

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Abhinav Chase Company produces and sells strings of colourful indoor/outdoor lights for holiday display to retailers. In the coming year, Alpha expects to sell 3,000 units of Alpha-Basic Colourful Indoor Lights and 1,500 units of Alpha Delux – Colourful Outdoor Lights Deluxe. Information on the two products is as follows:
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