Enterprise Marketing — Entrepreneurship STD 12 Commerce — Question

Vipin Taneja has completed his Master's degree in Computer Science from IIT, Delhi. He thought of an attractive economic idea which could be implemented to create a business, earn profits and ensure further growth. The idea was to link the different restaurants with the Indian railway network so that while travelling, the railway passengers can order food as per their liking.
List any two elements of the concept discussed above.

Give a few examples of Outflow of cash in the business.

Which term is used to denote the excess of price over cost?

Venture capital is characterised by many features. Give any one.

Name some capital goods.

What is meant by monopolistic market?

What is negotiation?

Give two profitability ratios.

Air India is planning to expand its flights to Pakistan and Afghanistan over the next five years. Enumerate any two political factors that it should consider as per the 'PESTEL Model' for the same.

Name the most important pre-requisite to start an enterprise.