Question

ENTREPRENEURSHIP

A. Question of 1 mark:
1. How does creative vision help the entrepreneur?
2. Who is a successful entrepreneur?
3. How is environment analysis conducted?
4. Write the two categories of human activities.
5. What is the most important resource for a business organization?
6. What is meant by goal of business?
7. Write the meaning of marketing.
8. In marketing mix what does place mix mean?
9. Write the goal of value chain.
10. Who is a franchise?
11. Write the modern concept of budget.
12. What is meant by working capital?
13. What does high return on equity(ROE) indicate?
14. What is the drawback of angel investor?
15. Write the full form of ICICI.
B. Questions of 3 marks:
1. What is meant by generation of idea? Differentiate between basic ideas and post
scanning ideas.
2. Write the creative process.
3. Write any three business activities.
4. Write the consequences of non-registration of partnership firm.
5. Explain the different pricing policies.
6. Write the disadvantages of cost plus pricing method.
7. Write the significance of sales strategy.
8. List any three methods of disect distribution.
9. Explain the benefits of the franchisor.
10. What are the advantages of horizontal integration?
11. Classify the budgets according to time.
12. Write the functions of inventory control.
13. What does return on investment (ROI) reflect?
14. Explain the points to be considered before extending venture capital to an entrepreneur.
15. Write the purpose of Securities and Exchange Board of India (SEBI).
C. Questions of 5 marks:
1. Explain the main sources of merging ideas.
2. Explain the process of setting up an enterprise.
3. How does problem identification help the entrepreneur?
4. Distinguish between economic and non-economic activities.
5. What is meant by organizational plan? Explain the elements of organizational plan.
6. Discuss the different procedure for preparing the marketing plan.
7. Explain the characteristics of S.M.A.R.T. goals.
8. Write the features of a good brand name.
9. What is meant by horizontal integration? Write the advantages of horizontal integration.
10. List the steps of typical value chain analysis.
11. Write notes on return of equity (ROE).
12. Mention the steps in operation of budgetary control.
13. Explain the methods of floatation of securities in primary market.

Answer 1

1. Creativity leads to success by: Creating new ideas for competitive advantage. The whole process of entrepreneurship is rooted in creation and exploration of new ideas. When an entrepreneur is able to generate a new idea that is feasible as well as efficient, it gives him an edge over the competition.

2. A successful entrepreneur must be able to make wise decisions about how he uses his time, continually evaluating and prioritizing tasks according to relevance and importance. This means including short and long-range planning and the ability to participate in economic forecasting and market research.