Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

Number of people required for enterprise are affected by which factors?

'One man control is best in the world if that one man is big enough to manage everything'. Explain this statement.

Answers to these questions should not exceed 250 words:
Explain the two dominant forms of budgeting process.

What are the main ingredients of a franchise agreement?

Vikas is a young entrepreneur who runs his restaurant business. In his second year of operation, he observes that there is a downtrend in sales and his cash flows are not enough to meet his cash expenses. His chartered accountant told him that these are the first symptoms of business failure. Vikas was worried and conducted a detailed study of the financial statements. Give any one symptom as disclosed by balance sheet which should be a cause of concern for Vikas.

Explain the methods of negotiation.

What are the various aspects of Organization Structure?

Satnam, an IIT-IIM graduate, started three chemists shops at Amritsar, Patiala and Chandigarh in the name of 'Quality Medicines'. Encouraged with the success of these shops Satnam opened 50 more shops in different parts of Punjab. His strategy was to cut price, focus on lower and upper middle class and open shops near hospitals. He operated on very thin margins. But he was not able to maintain sufficient funds to meet the day-to-day expenses of the business. The staff at the shops did not give much attention to the customers, and there was very poor system of control. Because of this mismanagement, he started incurring huge losses, and his business failed.Based on the above paragraph, identify and explain any four causes of business failure of Satnam.

Explain in detail any 3 pricing strategies.

What is advertising? State with reasons the mode of advertising you would adopt to sell ‘Fast Moving Consumer Goods’ in urban centres.