Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

'Sensitivity to environmental factors is essential for an entrepreneur.' In the light of this statement, explain the importance of environment scanning.

Harsha started her herbal beauty products shop in Chandigarh with a capital of ₹ 9,00,000. She took a loan of ₹ 5,00,000 from the State Bank of India at 9% p.a. interest. During the year ended 31st March 2016, her sales were ₹ 20,90,000 and the cost of goods sold was ₹ 15,30,000. She paid a monthly rent of the shop ₹ 11,000 and a monthly salary of ₹ 25,000 to the employees. The tax rate is 30%. Calculate the Return on Equity.

Working capital is of two types. Explain them briefly.

What is meant by venture capital? State any five features of venture capital.

What do you mean by Cash Inflow and Cash Outflow?

Name the sources of demand for capital.

An entrepreneur uses a name of famous brand of product for marketing his product. He uses a similar logo for this purpose. Is he correct? Suggest him a correct way.

Name the specialised institutions which provides leasing and factoring to small scale units.

What is the need of finance?

A sole proprietor does not require registration, but may require certain general formalities. Name any two such formalities.