Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

How NABARD is different from TFCI?

Answers to these questions should not exceed 250 words:
What is a budgeting process?

State any four factors to be kept in mind while formulating a financial plan.

Name the parameters against which an idea is tested and explain any one with a suitable example.

How an environment offers the firm/ entrepreneur numerous opportunities in changing the needs of customers and market? Give two examples.

Explain in short, the various elements of the promotion mix.

What is AIDA?

'Jagriti Ltd' are the manufacturers of Cars for the last 15 years and was earning good profits. Recently, due to the irregular supply of parts by the suppliers the company could not make timely delivery of cars to its customers. The customers cancelled their bookings, and there were very few new bookings. As a result, the sale of the cars declined and also the profits. The management of the company analysed the problems and decided to take over those two firms because of whom the problems arose. One of them was supplying engines and the other tyres. The company also launched new discount schemes for its customers. It also decided to employ 200 unemployed young boys and girls to take up the cleaning operations using imported machines inside the factories as well as the surrounding areas.

1. Identify and state the concept of 'Enterprise Marketing and Growth Strategies' discussed in the above para.
2. Identify anyone value which 'Jagriti Ltd' wanted to communicate to the society.

Explain any four factors that lead to effective employee relationships.

There are various ways in which an entrepreneur can spot trends. Describe the four ways of identifying the trends with the help of examples.