Business Arithmetic — Entrepreneurship STD 12 Commerce — Question

Answer each of these questions in about fifteen words:
How will you differentiate between financial market with other market? Give one difference.

Carrying costs are those costs which are incurred to maintain a given level of inventory. Give examples of two such costs.

Ankit is into the business of manufacturing low-cost diesel-cars in Germany. He is earning good profits and ambitiously considering overseas expansion. He scans the environment for finding out the opportunities and threats that may influence his current and future plans. He zeroes down on India as a potential place for his business expansion as Indian Government has announced favourable trade regulations. On selling, the first lot of cars were above the permissible limit. The government asked him to make necessary modifications in his cars if he wanted to continue business in India. He readily agreed to meet the emission norms set by the Indian Government.

1. Quoting the lines from the above para identify any two environmental factors.
2. Also, state any two values which Ankit tried to communicate to the Indian society.

Answer each of these questions in about fifteen words:
What is the role of Specialized Financial Institutions in India?

State the steps of the action plan of a Production Manager under the head 'Production Planning and Scheduling'.

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?

What dual role entrepreneur has to play?

Explain the different types of sales strategies.

Name and explain the method of pricing in which price of a product is fixed consciously at a low level with minimal margin of profit.

Only the Karta has unlimited liability. Explain.