Understanding the Market — Entrepreneurship STD 11 Commerce — Question

Name the person who receives guidance and advice.

What is the difference between Collaborator and Authoritarian?

Describe Horizontal Integration.

A young man was passing through a site of construction. He saw three labourers working at the site. He went to one of them and asked “What are you doing here?” The worker answered, Don't you see? I am making out a living. I am working to earn.”
The young man moved towards the second man and asked him the same question.
Pat came the reply Don't you see? I am constructing a wall”.
The young man moved towards the third man & repeated the question.
The labourer replied Don't you see? I am building a beautiful mansion”.
Whose answer reflected a positive attitude?

Give any two sales promotion techniques which can be used by a business to attract new clients.

Name five government schemes implemented by the Government for entrepreneurs. Do you agree? How?

Write some qualities an entrepreneur must have to become a successful entrepreneur.

Define a business plan.

Fill in the blanks using the options given below:
(One time cost, fixed, amount start-up cost, business, operational cost, nature, variable)
Do not fall in to the trap of classifying an expense in one or the other category, without knowing which .......... it refers to.

Define strategy.