Understanding the Market — Entrepreneurship STD 11 Commerce — Question

Give common examples of unethical action performed by an enterprise or entrepreneur.

Describe the importance of business intelligence.

Swarna runs a high-end boutique, With growing competition from readymade clothes, she decided to venture into the field of e-commerce, trading in the handicrafts of our country. Suggest to her certain new technological advancements and also identify any one value being communicated by her.

Find out Break-even Point from the following information:

1. Fixed cost = 40,000

Variable cost = ₹ 2 per unit
Sales Price = ₹ 4 per unit

What do you understand by "Silo Mentality?

M/s 'Urbane Male' is a company engaged in manufacturing shirts for men. The variable cost of production per shirt is given below:

S. No.	Cloth (2m) @ 125 per metre	₹ 250
i.	Buttons, thread, bukram, etc.	₹ 25
ii.	Stiching and cutting charges per shirt	₹ 30
iii.	Total variable cost	₹ 305

In addition to the above variable costs, the company has to bear certain fixed costs also, such as rent of the factory premises, electricity bill, salary of the administrative staff, etc. To provide for these costs and also to earn profits, the company decides to sell each shirt for 400. The company decides to make shirts for children in the age-group of 4-10 years out of the scrap material and distribute it in an orphanage.

1. What will be the unit of sale for the above company?
2. Compute unit cost and gross profit per unit.
3. Identify the value communicated by the company.

Give the step-by-step plan for ‘resource mobilisation'.

When an entrepreneur selects to follow stability strategies?

Describe the characteristics of business.

What do you understand by ‘unit of sale'? Explain by giving examples of some businesses alongwith their unit of sale.