Resource Mobilization — Entrepreneurship STD 12 Commerce — Question

Answer each of these questions in about fifty words:
For what purpose is finance required right from the very beginning i.e. conceiving an idea?

State the six major objectives of preparing the 'Project Report'.

Product quality, customer satisfaction and company profitability are intimately 'connected'. Comment.

What is meant by ‘seed capital’?

"One of the essential objectives of managing the market is 'creating demand'." Explain.

What are public relations ?

Negotiation is important for both buyer as well as seller. Keeping this statement in mind, give the importance of negotiation.

An entrepreneur proposes to produce 1000 shirts per week for which he needs Rs. 50,000 for purchasing raw materials, Rs. 20,000 towards the payment of labour charges and Rs.10,000 for purchase of a machinery. His operating cycle is 2 weeks.
Calculate the working capital requirements of this entrepreneur and also give the meaning of 'Operating Cycle'.

Answer each of these questions in about fifty words:
Name the two forms that merger can take place.

Environmental factors exert influence upon each other and do not operate in isolation? Discuss.