Understanding the Market — Entrepreneurship STD 11 Commerce — Question

Given below are examples of certain enterprises depending upon nature, size and type of business. Categorise them according to their type.

1. Motor Vehicle Repair Garage.
2. Poultry farming.
3. Plastic products, jerycans, tarpaulins.

Give one example describing the role of technology in making the complex process easier.

‘An enterprise may be defined as an under taking or adventure involving uncertainty and risk and requiring innovation'. Keeping the given statement in mind, give the distinct features of an enterprise.

What do you understand by captive unit arrangements?

Market survey can be used as a tool for betterment of Society. To conduct a fair survey, list 4 strong values of a surveyor.

What do you mean by competency?

‘Advertising' and 'publicity' are two important elements of promotion mix. Explain them.

What is the final outcome of an industrial activity.

The Government of India has initiated various sector specific schemes to encourage entrepreneurship. Name any two such schemes.

While deciding on the marketing mix a number of factors relating to dealer's behaviour are required to be kept in mind. State those factors.