Understanding the Market — Entrepreneurship STD 11 Commerce — Question

What are non-economic activities? Give the different categories of such activities with one example each.

A firm attempts to make a 'market offering' keeping some fundamental objectives in view. What are those objectives?

What are the objectives of financial planning?

Explain the concept of an entrepreneurship with the help of a diagram.

From which type of capital are raw-materials purchased?

Why are imitative entrepreneurs are also revolutionary and important?

Why an entrepreneur realized that there is a need of Expert Professional Assistance to an enterprise for more efficiencies in their operation and can easily reduce the cost in effectiveness?

Do you think Intrapreneur is necessary for an organisation? Support your answer with strong reasons.

How much profit can we earn? Is there any policy of the Government for Maximum Profit earning?

The following information relates to a company, which produces a single product.

Direct labour per unit	₹ 22/-00/-
Direct materials per unit	₹ 12/-
Variable overheads per unit	₹ 6/-
Fixed costs	₹ 4,00,0
Selling price per unit	₹ 60/-

Use the figures above to show the minimum number of units that must be sold for the company to break even.