Business Finance and Arithmetic — Entrepreneurship STD 11 Commerce — Question

Fill in the blanks using the options below:
(Fixed cost per month, profit, sales or revenues, loss, expenses, total revenue, gross margin per unit, income, fixed cost)
A business‘s break-even point is the amount or level of ............... that it must generate in order to equal its ..............

Define trade.

What do you mean by Extractive industry? Give examples.

Name the types of entrepreneurs according to Danhof.

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?

Name the lowest-level needs in Maslow's hierarchy.

‘Market' and 'marketing' are different concepts. Do you agree? Give reason in support of your answer.

Information has a certain specific meaning in entrepreneurial terms. State it.

According to David McClelland, regardless of culture or gender, people are driven by three motives. State those motives.

Manufacturing industries convert raw materials into semi-finished goods or finished goods and create utility. Which type of utility is created by these industries? Explain with the help of an example.