Understanding the Market — Entrepreneurship STD 11 Commerce — Question

What changed with reference to market in the fifties and sixties?

What do you understand by Ethical Entrepreneurship?

Motivation can be defined as stimulating, inspiring and inducing the employees to perform to their best capacity. Motivation is a psychological term which means it cannot be forced on employees or it comes automatically from inside the employee as it is the willingness to do the work. List the social motive behind entrepreneurial motivation.

An entrepreneur should have the competency of ‘risk taking' and 'risk management. Why?

Efficient utilisation of human resources is only possible if the entrepreneur is able to decide on certain factors. State those factors.

Define "construction industry".

Rahul opened a non-veg fast food joint in the holy city of Haridwar. His business failed in a couple of months only. Which factor was responsible for Rahul's failure? Which value stands affected?

What do you mean by the term licentiates?

Give the examples of businesses that fit the authoritarians.

Naman has just graduated from a college. His father wants him to take up a job, but Naman wants to be an entrepreneur. He tries to convince his father by saying that he will venture into a business only if it is ‘safe'. Is Naman's argument valid? Which entrepreneurial competency is not possessed by Naman?