Enterprise Growth Strategies — Entrepreneurship STD 12 Commerce — Question

What does a sound financial plan include?

Rekha, a sole proprietor has grown her business over the years of selling fashion accessories. She started with one shop but now has three in different localities.
She wants to expand even further but she has limited finances. She is thinking of going into partnership with her friend who is very much interested in joining her.

1. Explain two benefits of remaining a sole proprietor.
2. Explain two benefits and two limitations of partnership.

How can an entrepreneur raises funds by selling the issue mainly to the institutional investors?

Explain value addition by giving examples.

Partnership form of organisation has developed due to the inherent limitations of sole Proprietorship. Which are those limitations?
OR
Why was the need of partnership felt?

Give the meaning of 'Innovation.' State the elements in the innovation process.

What is PAN? Why is it required?

Government banned the use of polythene bags and single use plastic material in order to curb the increasing pollution level by dumping of plastics. Harjot took this as an opportunity and is planning to manufacture biodegradable bags of different sizes by processing the sugarcane bagasse. Create a logo and a tagline for the bags manufactured by Harjot.

Explain the role of financial planning' in financial management.

Arvind has started his Italian food based restaurant. Does he have to register his trademark? And give the reasons for the same.