Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

Are industry and commerce interrelated? Explain.

'Profit is not to be considered as inflow'. Comment with apt reason.

An entrepreneur can use the information generated from break-even analysis in making a wide range of business decisions. What are they?

Small-scale industries are wide spread in the country. Give some examples of SSIS operational in different parts of the country.

Give the sources of fixed capital and working capital.

Measurement is essential to analyse performance of any business. Given below are some She businesses and items being sold/ serviced by them. Write unit of sale in each case.

Business	Items Being Sold/ Serviced	Unit of Sale
Garment shop	T-Shirt	?
Coaching shop	Tuition	?
Textile shop	Fabric	?
Bakar	Cake	?

Business is deemed to be an economic activity. Why?

Formal mentoring possesses certain features. State them.

Give one difference between Group mentoring and Peer mentoring.

Sameer has just returned to India, after two years of working in Japan. He joined an advertisement company and was dismayed at the lack of mentorship in the company. In Japan, as soon as he had joined the company, he was assigned to a mentor who helped him to adapt to the new culture and the work environment and also helped him to progress in his career. He asked the company to implement a mentorship programme, stating that it is beneficial for all.

1. Explain to the management the concept of mentorship.
2. Give any five benefits that an organisation gets from mentoring.