Understanding the Market — Entrepreneurship STD 11 Commerce — Question

"When it wanes, as it surely will in difficult times, take some guilt time." This statement shows which attitude of an entrepreneur.

Fill in the blanks using the options given below:
(Outflow, profit, credit transactions, cashbook, credit, or lone, inflow, cash flow, cash, expenses)
A notebook in which we write to keep track of all the daily transactions which happens in the business is called as the .............

Define and explain 'business ethics'.

Motivation can be defined as stimulating, inspiring and inducing the employees to perform to their best capacity. Motivation is a psychological term which means it cannot be forced on employees or it comes automatically from inside the employee as it is the willingness to do the work. List the social motive behind entrepreneurial motivation.

What is the outcome of political factor risk?

A company is bound to suffer if it does not promote 'intrapreneurship'. Give the consequences only that a company can face if it does not encourage intrapreneurship.

Name the person who receives guidance and advice.

What does a Business plan must describe?

Ram Prakash is the owner of a small eatery operating in the suburbs of Delhi. He is making just enough to make his ends meet. Since, his eatery was in a strategic location, quite close to a school, he got an offer from Freezo ice-cream to install an ice-cream freezer and sell their products from his shop. But Ram Prakash refused to embrace this opportunity. To which category of entrepreneurs do Ram Prakash belong to?

There are certain attitudes present in an entrepreneur, which help him/ her to achieve success. State any four such attitudes.