Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

Explain by giving any four points why 'market assessment' is needed for an entrepreneurship?

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:

Product	Alpha - Basic Colourful Indoor	Alpha Delux - Colourful Outdoor Lights
Price	120	200
Variable cost per unit	40	80

Total fixed costs are 140,000.
From the following calculate:

1. Sales Mix.
2. Over-all Break Even Point.
3. Product - wise break even point.
4. Break-even point in ₹.

   Product	Unit Price (₹)	Unit Cost (₹)	Unit Contribution Margin (₹)	Sales Mix	Gross Contribution Margin (₹)
   Alpha - Basic Colourful Indoor Lights	120	40	80	2	160
   Alpha =- Deluxe Colourful Outdoor Lights	200	80	120	1	120
   Gross Contribution Margin					280

Vimal Company Ltd., were earlier producing pencils, now they have decided to further venture into the field of notebooks and paper. What do you think is the company attempting to do? Identify and explain the concept.

Explain the four sources of obtaining funds under financial-resources.

Explain the reasons for business failures.

Answer each of these questions in about two hundred and fifty words:
What do you think are the reasons for failure of merger and acquisition?

Distinguish between ICICI and SIDBI.

Aarav has decided to open a retail oultet for autoparts. His friends and family has advised him to establish certain goals so as to be able to judge the progress of his venture. But Aarav is of the view that goal setting will serve no purpose at all. Do you agree with Aarav? Give reasons for you answer.

Rajeev has just completed his B.Tech and wants to start his own business. He knew that the demand of electricity in India was increasing day by day, whereas its generation was not sufficient. Rajeev shared his views with some of his friends, and they all decided to start the business of electricity generation. They experimented various methods and ultimately succeeded in electricity generation through garbage. They all were very happy as India is also facing the problem of garbage disposal.

1. Identify and explain the source of 'Idea-field' from where the idea had been generated by Rajeev and his friends.
2. Also, explain two other sources of Idea fields with the help of example.

State the uses of a Project Report for

1. The entrepreneur.
2. The financial institutions.
3. The Government.