Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

“A customized market survey is a tool not only to collect an idea about customers, their wants, buying behaviour, the new product and its acceptance, the competitors, but also helps in many aspects”. Which are the aspects?

Why is knowledge of taxes important for entrepreneur? Why should be cautious while dealing with taxes? Also state the value being communicated by an entrepreneur on timely payment of taxes.

"Entrepreneurs venture to take risks but some entrepreneurs are very shy and lazy by nature." Mention the name of such entrepreneurs and explain.

"When you sell your product but the buyer does not pay your money immediately" It is known as?

What is meant by "cost"? Costs can be of different types. State them?

How can an entrepreneur be classified based on the type of business?

What is collateral security?

Give common examples of unethical action performed by an enterprise or entrepreneur.

'Place' is a important physical resource and many factors need to be considered before making the final selection of this resource. What are they?

Explain any two advantages of being an Entrepreneur?