Resource Mobilization — Entrepreneurship STD 12 Commerce — Question

Rahul wants to start a small shoe manufacturing factory. As a part of his business plan, he prepared an 'entertaining slide show and oral narrative' that was meant to trigger discussion and create interest in potential investors for reading the written presentation. Identify and explain the format of the business plan referred in the above paragraph.

Vipul made his business plan with the help of an engineer. The plan was in the form of an entertaining slide show complemented with an oral narrative. When he showed his business plan to the bank officials, they were excited about the project and discussed various details. The business plan also had an exceutive summary and important graphs showing financial trends.

1. What type of business plan has been presented by Vipul?
2. Explain two more formats of business plans.

List any six factors that should be kept in mind by any manufacturing enterprise as a part of its ‘Production Plan’.

1. What is meant by a ‘Business Plan’?
2. State any one importance of writing a business plan for each of the given interest groups:

1. Investors.
2. Entrepreneurs.

Corfam Fake Leather
In the 1960, the company DuPont promoted Corfam, a fake leather substitute. They used the material for women shoes but didn't take into account comfort. The product was although cheaper but was very uncomfortable. Competitors responded by lowering the price of leather and increasing the quality and so, the need for a fake substitute was lost and Corfam failed.

1. What is 'Corfam'?
2. Why was it not a success, even though, it was cheap?

There is a positive relationship between order size and carrying cost. Why?

Classic Plastic Limited provided sipper tops or beverage bottles. Which type of value addition is being followed by the company?

“An entrepreneur has a dual role to play one, that of a leader and the other of a manager”. Do you agree?

In making a choice, entrepreneur will want to take into account which points while selecting the form of ownership?

State any four basic functions involved in 'selling' as a function of exchange.