Explain the need for entrepreneurship development? - Vidyadip

Question

Explain the need for entrepreneurship development?

✓

Answer

Entrepreneurship development aims at individuals who want to start or possibly expand a business.
i. Entrepreneurship development programmes motivate people to establish a new business which in turn creates employment opportunities.
ii. It helps in the formation of capital.
iii. Entrepreneurship development programmes aids in the formulation of projects.
iv. It helps in distributing economic activities in all the areas of the country thus resulting in balanced regional growth.
v. It also helps the entrepreneur to use local resources.
vi. Entrepreneurship development programmes help in creating employment opportunities which in turn leads to improvement in the standard of living
vii. Entrepreneurship development is the means of enhancing knowledge and skills of entrepreneur through several classrooms and programmes and training.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "4 Marks Question" from Model Paper 1→Model Paper 1 — all question types→Business Studies STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Write the disadvantages of departmental stores.

e-Business gives customers an opportunity to look for cheaper and better quality products. With e-Commerce, consumers can search the specific product or service they require and can even find the direct manufacturer from where they can purchase products at comparatively less price. Shopping online is time saving and convenient. In addition to it, consumers also get to see the reviews of other consumers that will help in making beneficial purchase decision.
On the basis of above discussion about, explain the benefits of e-Business not discussed above.

Sunstar Steel Ltd., a leading manufacturer of iron and steel decided to open up a new branch in a remote area in Rajasthan. So that unemployed youth from the rural areas could get same opportunities as those available in the urban areas. This initiative has raised the standard of living of people in rural areas. All children in these families are getting good education and these families are also actively contributing to nation building process through their dedicated work.

On the basis of the given information about Sunstar Steel Ltd., answer the following questions:

(a) Identify and explain the objective of business which is followed by the company.

(b) Explain one other objective which the company should follow apart from objective identified in part (a).

Identify the principle of insurance highlighted in each of the following statements:
(a) The insured is expected to disclose all the important facts related to the property insured.
(b) Insured must have some economic interest in the subject matter of Insurance contract.
(c) To claim for insurance the insured must take reasonable steps to minimize the loss.
(d) Insured is entitled to recover the loss suffered by him, up to the limit of policy amount.

Rohit and Gurvinder are partners selling electronic products across India. They import the components from their friend Atul who does his business in China and assemble them in their factory established in a rural area Jharkhand most of the workers in the factory are children and women. They are paid very less salaries thus owner save on labour cost. They store their stocks in a warehouse but donot take proper safety measures against fire, burglary. There was a short circuit in the factory and as a result most of the stock was damaged. On the basis of the given information about Rohit and Gurvinder, answer the following questions:

(a) Specify the type of business activity performed by Rohit and Gurvinder.

(b) Specify the type of business activity performed by Atul..

(c) Specify the auxiliary to trade used by Rohit and Gurvinder.

(d) Identify any value which has been violated by Rohit and Gurvinder.

Katherine wants to start a retail business of fashionable items. Change in taste and preferences of customers may result in loss in such type of business. She is hesitating as she is aware of risks which are inherent in every business. She approaches her friend Kristina who is the owner of a retail shop. Kristina advises her to go ahead with her idea as she will get profit as return for undertaking risk. She also told her that some risks in business can be insured by taking insurance policy.

On the basis of the given information about Katherine answer the following questions:

(a) What is Business Risk?

(b) Identify the main features of business risk discussed in the above case. Also quote the lines for the identified feature.

(c) Is change in taste and preferences of customers, pure risk or speculative, Why?

Why is it necessary to get registered with an export promotion council?

What is corporate social responsibility? Is it similar to business ethics?

Geeta Pustak Bhandar sells only religious books. But all kinds of books are available at 'Kapoor Pustak Bhandar'. Both of them are examples of Small Scale Retail Trade. Even then the nature of their trades is different from each other. Identify the nature of the difference between the trades of both of them and explain it.

Preference shares are preferred by company but not by investors. Why?