Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

Answer each of these questions in about fifteen words:
What is a secondary market?

Raghav had a very good hand at cooking and everyone appreciated his culinary skills. Therefore, he did his graduation in Hotel Management. He got an offer from Hyatt and got placed there.

1. Which economic activity is presented in this case?
2. Name other two types of economic activities.

Data can be collected from many sources. Give one such source.

Mohan is the head of a joint Hindu family business, what will he be known as legally?

Which activity is aimed at enhancing the market share of the product?

Ramesh has decided to start his venture in manufacturing of plastic toys. He wants to get a road-map for himself as to how to proceed and also wants to avail loan from the financial institution. This requires him to prepare a business plan. He has no idea to prepare this road-map, i.e. business plan. How can Ramesh get his business plan prepared?

Give two examples of enterprises having a monopolistic market.

What is meant by ‘Re-order Point’?

The price at which one unit of sale is sold is referred to as what?

What do you understand by listed securities?