Enterprise Marketing — Entrepreneurship STD 12 Commerce — Question

Calculate the operating cycle of Vijay Enterprises, if working capital requirement per week I ₹12,000 and production cycle is one week.
Number of soaps to be produced per week = 200 units
Labour charges per week = ₹2,000
Cost of raw materials per week = ₹4,000

“An entrepreneur must pay attention to the quantity and quality of the manpower for his business as it directly impacts the performance and resulting productivity of the organization.”
(I) In the light of the aforesaid statement, identify the component of a business plan that helps an entrepreneur fulfill the stated purpose.
(II) State the objective and importance of the identified component.

'Bid' and 'Bid 'Quantity' are common terms related to stock market trading. What do they mean?

Give the formula for computing the level at which fresh order should be placed. What is this level referred to as?

Will you, as an entrepreneur, use the base pricing method for consumable items? Justify your answer.

Why is stock exchange important for an investor?

Rahul wants to start a small shoe manufacturing factory. As a part of his business plan, he prepared an 'entertaining slide show and oral narrative' that was meant to trigger discussion and create interest in potential investors for reading the written presentation. Identify and explain the format of the business plan referred in the above paragraph.

Komal has started a herbal toothpaste manufacturing unit. She has decided about the logo, packaging format and labelling of the product. Her friend Neha asked her whether she has taken care of the legally recognised exclusive rights of other manufacturers in the industry before taking the above-stated decisions?
Identify and give the meaning of the concept about which Neha asked Komal.

Saksham and Pratham were partners in taxi business. Their business was doing very well. They thought of expanding but they also wanted to reduce personal risk. They wanted to protect their own possessions from business creditors in event of failure, so they thought of changing the form of business where their liability will be limited. For this, they wanted to sell shares to friends, family and some employees.

1. Identify the new form of business to be adopted.
2. State two demerits of partnership form.

A business needs capital for a number of purposes. Give any two.