Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

Give the classification of product on the basis of nature of the product.

What is 'Marketing'?

The following information relates to a company, which produces a Plastic Bottles.
Direct labour per unit ₹ 10
Direct materials per unit ₹ 25
Variable overheads per unit ₹ 5
Fixed costs ₹ 30,000
Selling price per unit ₹100
Calculate :

1. Variable cost per unit.
2. The minimum number of units that must be sold for the company to break-even.
3. Show break-even in terms of rupees.

M/s 'Urbane Male' is a company engaged in manufacturing shirts for men. The variable cost of production per shirt is given below:

S. No.	Cloth (2m) @ 125 per metre	₹ 250
i.	Buttons, thread, bukram, etc.	₹ 25
ii.	Stiching and cutting charges per shirt	₹ 30
iii.	Total variable cost	₹ 305

In addition to the above variable costs, the company has to bear certain fixed costs also, such as rent of the factory premises, electricity bill, salary of the administrative staff, etc. To provide for these costs and also to earn profits, the company decides to sell each shirt for 400. The company decides to make shirts for children in the age-group of 4-10 years out of the scrap material and distribute it in an orphanage.

1. What will be the unit of sale for the above company?
2. Compute unit cost and gross profit per unit.
3. Identify the value communicated by the company.

Explain these core values:
Innovation and creativity.

What do you understand by the term business?

What range of activities business comprise of?

Briefly discuss the following types of entrepreneurs.

1. Collaborators.
2. Diplomats.

“Market offering can be prepared by following a step-by-step process". Explain the steps involved in the process of preparing a ‘market offering'.

What are physical resources? Give two examples.