Entrepreneurship Journey — Entrepreneurship STD 11 Commerce — Question

Give example of A group of firms producing similar or related goods.

Siddhartha sells his play station to his friend at a profit of ₹ 1000. Will it be considered as a business? State the feature of business which is being highlighted in the given example.

Income statement is prepared relating to a point of time or a period of time.

The word 'market' is derived from the Latin they word ‘marcatus’. What does ‘marcatus’ mean?

Name the types of entrepreneurs according to Danhof.

What do you understand by 'basic competencies'? Are these competencies acquired or exist in an entrepreneur by birth?

“The Gujarat earthquake caused irreparable damage not only to the business enterprises, but also adversely affected the whole economy of the State”. Name the risk factor involved in it.

Which two characteristics can be referred to as 'distinguishing marks of an entrepreneur'?

In the olden days, goods were exchanged for goods, which restricted the exchange mechanism. Then the evolution of which modern means of exchange revolutionized the market system?

What do you mean by Genetic industry?