Science (English Medium) इयत्ता १२ - CBSE Question Bank Solutions for Entrepreneurship

What are the factors involved in sensing opportunities?

Enlist the various sources which lead to the emergence of basic ideas.

“Sensitivity to environmental factors is essential for an entrepreneur.” In light of above statement explain the importance of environment scanning.

Elaborate the factors involved in sensing opportunities.

What are the components of marketing mix?

Assertion (A): In franchising there is usually a much higher likelihood of success when an individual opens a franchise as opposed to a mom-and-pop business.

Reason (R): It runs on a proven business formula that is already in place.

Franchising is advantageous for both franchisor and franchisee. Explain five advantages of franchising for the franchisee.

How is franchising a better option for external expansion in case of start-ups?

An entrepreneur perceives opportunities, synthesizes the available information and analysis emerging patterns so that it can be shared and supported by all customers, partners, employees and suppliers. Comment on any two factors involved.

Fast Rite Ltd. manufactures a variety of stationery but its most popular product is its pen. Three varieties of pens to suit the need of its users.

The details of the pens are given in the table below.

The total fixed cost is Rs. 2,56,000.

Calculate the following from the information given above.

1. Total weighted average contribution margin
2. Breakeven Quantity for each variety
3. Break even (in Rupees) for Four-in-one Ball Pen

 Define the term environment scanning.

What is the purpose to scan the environment?

Define branding?

Why is a logo important for a company?

The entrepreneurs have an option to brand their product alpha-numerically, as it signifies ______.

Explain five common types of Intellectual Property Rights.

Environmental analysis is required by every firm to determine the opportunities and threats in an organisation. What is required to process and analyse the so obtained data?

Ratnanjali Ayurveda introduced a new range of products on the basis of the tri doshas. The marketing department is brainstorming on the branding of the new range where the customers can identify the new range easily and at the same time it creates awareness about the type of products this range has. The name ‘AyurPrakriti’, was adopted by the company and it would be used for all the products under this range. Which type of branding is adopted by Ratnanjali Ayurveda?

This concept is an identifying symbol for any product or business. It can be any distinctive design, mark, sign which stands associated with the enterprise. Enlist any three purpose of this concept.

Differentiate between ‘merger’ and ‘acquisition’ as forms of external expansion