Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

Name the process of perceiving the needs and problems of people and society in arriving at creative solutions.

In which form does the 'opportunity' exist in the environment?

What is meant by 'Idea fields'?

List the two basic roles of an entrepreneur.

Give one example showing that both economic and social factors can affect business idea together.

"It is a process which involves the translation of a useful idea into an application which has commercial value. It takes persistent effort to work out analytically the details of the enterprise or service, to develop marketing strategies, to organise finances and strategize operations." Identify the process.

IDBI was set-up with an objective. What was it?

What are trade related ideas?

Negotiation could be carried through various methods, name them.

Answer each of these questions in about fifteen words:
In what forms company can raise capital through primary market?