Understanding the Market — Entrepreneurship STD 11 Commerce — Question

In the present era, is the concept of entrepreneurship idea-centric or product centric?

Market survey is undertaken for a specific purpose. What is that purpose?

Innovativeness can be seen through a number of entrepreneurial actions. State any two.

State the factors responsible for the invasion of foreign companies in India.

Give the components discussed under the head 'business venture'.

What is promotion mix?

“The social barriers that women face are a limiting factor in their growth”. How?

Name some product based business ventures.

Divij is a highly innovative person working in a cement company. He devised a new form of grey cement which is made from plastic fillets and organic waste. His company immediately realised the potential of his idea and made him the head of the project to develop the above product commercially. He was also offered a share in profits of the above project. Is Divij an employee or an entrepreneur? Discuss. Also identify one value communicated by him by developing such a product.

Expansion by a firm depends on which factors.