Understanding the Market — Entrepreneurship STD 11 Commerce — Question

Discuss briefly the role of technology in today's business.

Classify the factors responsible for business risks.

Give the conditions of suitability for using the census method and the sample method.

When is a unit referred to as a ‘Micro-Business enterprise‘?

State the categories into which a corporate strategies can be divided.

Distinguish between:
Expenses and Expenditure.

From the following information relates to a company, which produces a single product (Doormats).
Calculate B.E.P (in units) B.E.P in:
Fixed cost = 1,00,000.
Variable cost = 50 per unit.
Sales price = 100 per unit.

Small-scale industrial units can be of different forms. State them.

Mohan, who manufactures a toy car using non-toxic components, wants to compute his break-even point. His fixed expenses in the form of rent, depreciation and salaries of administrative staff amount to ₹ 25, 000 per month. He sells the car for ₹ 200 and his variable cost per car is ₹ 150. Find his dry break-even point. Also identify the value communicated by Mohan.

Define 'Macro Environment'?