Understanding the Market — Entrepreneurship STD 11 Commerce — Question

Example 1: From the following information calculate Suman's income by preparing an income statement.
Zeel has started selling bedsheets from her own house. She purchases :
30 bedsheets (single bedsheets) from a wholesale dealer for ₹ 300 per bedsheet and selling at ₹ 400 per bed sheet.
30 bedsheets (single bed with pillow covers) for ₹ 350 per bedsheet and selling for ₹ 450 per bedsheet.
She purchases 20 bedsheets (double bed with pillow covers) for ₹ 500 per bedsheets and selling for ₹ 650 each
She spent : ₹ 500/- for advertisement(Pamplets and Advertising poster), ₹ 100 Maintenance Expenses and she decided to take ₹ 200 for rent expenses.

"Innovation and creativity both are interrelated" Explain.

What are the different forms of social media used frequently by the people and how these tools are helpful?

State the main steps involved in Marketing Research.

Discuss any six institutions involved in entrepreneurship development programme.

Give the features of political forces.

Discuss the various sources of financing capital through ownership.

How can the economic environment create negative influence for an entrepreneur?

Give the features of Foreign Trade or International Trade or External Trade.

State whether the following require small or large working capital. Answer should be supported by a valid reason:

1. Selling ice-creams.
2. Following a liberal credit policy.
3. Dealing in stainless steel wares.
4. Using capital intensive technology.