Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

“Internal sources are referred to as owner's own money”. Give one alternate name for owner's own fund.

What are smart goals?

Answer each of these questions in about fifteen words:
What do you understand by internal sources of finance?

What is meant by 'business opportunity'?

Name any two key aspects of financial decision-making.

In general, the financial plan will need how many years of projected financial data to satisfy any outside investors?

'It is the process of entrepreneurship which involves the translation of a useful idea into an application which has commercial value.' Identify the process.

Since her college days Mehak, loved the thrill of adventure sports. She was an avid reader which helped her to keep track of various new adventure sports taken up all around the world. She had recently read an article on increasing trend towards ‘space tourism and adventurous holidays'. Using her personal experiences and her passion for adventure sports she decided to start a company called 'YOLO'. For the same purpose she also decided to collect statistics to see how much of these sports were accepted in our country. Identify the ways in which she was able to spot the trend.

Answer each of these questions in about fifteen words:
What do you understand by private placement?

Goal setting isn't enough. Why?