Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

"If you don't adapt, you don't endure." Evaluate the validity of the statement.

Nandini, Purvi and Smrithi are establishing a manufacturing company, "NPS Co”. that makes two brands of writing pens; The Elite Gel Pen and the Delite Ball Point Pen. They plans to sell the pens to retailers all across the county. They decided to sell the Elite Pen to retailers for 20 and the Delite Ball Point Pen for 10. Through market research, NPS Co. estimates 40% of his customers (retail outlets) will purchase the Elite Pen, while the remaining 60% of customers (retail outlets) will purchase the high quality Delite Ball Pen. The cost to manufacture each Elite Pen is estimated to be 5 while the cost to manufacture each Ball Point Pen is forecasted at 3. These manufacturing costs are the only variable costs incurred by the company. In addition, NPS Co. forecasts the company's fixed costs for the upcoming year at 120,972 (assumed).From the following information calculate:

1. Overall Break-even point in units.
2. Product-wise Break-even point in Units.
3. Product-wise Break-point in ₹.

Verification by Income statement.

Answer each of these questions in about one hundred and fifty words:
Write down the objectives of IDBI.

Pizza Hut is one of the best widespread international fast food joint. Pizza Hut believes in making a perfect pizza with the extraordinary menu and providing hygienic, courteous and helpful service every single time. It gives its customers a memorable dining experience and induces them to come back which is based on consumers' perception of value received. Keeping Porter's value chain in mind, give the different primary activities performed by Pizza Hut. What values are exhibited by this MNC through this activity?

KMC, one of the largest news agency has returned to profitability after several years of losses. It aims to increase shareholders value. In fact it has been able to increase the profits and that shares of KMC has risen 7% faster than average share prices. Profits have been possible because of two reasons. Firstly, cost cutting by eliminating extra staff. Secondly, growth plans have been established to increase sales by adding new products such as electronic trading and reaching new markets in Bangladesh and Mynmar. The plans were set to achieve 5% increase in sales, whereas 6% has been achieved.

1. What evidence is there that KMC is achieving its business goals?
2. Was it able to set S.M.A.R.T. goals? Explain any 3.
3. What value is missing when KMC is trying to became profitable?

Explain any six steps which help in identifying a feasible product or process.
OR
Explain the first three steps involved in the process of investigation of a feasible product.

Assuming that you wish to start a small scale industry for manufacturing and selling detergent powder, discuss how would you seek support of financial institutions.

What is meant by venture capital? State any five features of venture capital.
 

Distinguish between Internal and External Expansion.

What is manpower planning? Why is it necessary for every business unit?