Understanding the Market — Entrepreneurship STD 11 Commerce — Question

Business is deemed to be an economic activity. Why?

What does the concept of market by DYDDY advocates to?

Explain the meaning of Expansion.

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

There are many misconceptions related to a business idea. State any two such misconceptions and the realities behind such misconceptions.

Define Business Finance.

Give the distinct features of indirect tax. Also give the examples of indirect tax.

Give one difference between Group mentoring and Peer mentoring.

Vishakha runs an export unit, which exports handicrafts to the gulf countries. With the gulf countries imposing quota restrictions on the Indian Government relating to oil imports, the relationship between these countries has become strained so much that the Indian Government has stopped trade with these countries. Which factor is responsible for the risk faced by Vishakha? Identify the value violated by the government of gulf countries.

Jagdish is a farmer. His elder brother Manmohan is a doctor while his sister Kamlesh is a clerk in an office. Name the activities in which they are engaged and distinguish among them, on the basis of:

1. Reward.
2. Capital investment.
3. Risk.