Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

"One of the essential objectives of managing the market is 'creating demand'." Explain.

Dairy foods ltd. has been well known for it's products throughout India. They started manufacturing Biscuits and chocolates in the year 1995 and slowly built their brand. The company occupied the top position in terms of sales and it increased it's product range also. By 2010 they were the undisputed leader in the field of confectionaries. Their annual general meeting was held wherein the Board of directors felt that the company should also be socially responsible in doing their business. They decided to use new technologically advanced recycled paper for all their products which would retain the freshness of their products as well as contribute towards the saving of our planet.
By doing this the company has modified their goods in a particular way to create a new product of greater value to the customers. Identify the concept mentioned above and explain it from financial and marketing point of view.

What is meant by inventory control?

Give any five privileges enjoyed by a private company.

State the different stages of an 'Enterprise-Process-Diagram' with diagram.

Give any two benefits of budgeting, as enjoyed by a business.

What is meant by partnership? State the consequences of non-registration of a partnership firm.

Why stock exchange is also known as secondary market?

Can a partnership firm have minor as a partner? Explain.

State the reasons why consumers prefer enterprises with an after sales service.