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II

ENTREPRENEURSHIP

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each. Answer to each of these should not exceed 50 words. Q~estions No. 11 to 17 are short answer questions carrying 3 marks each. Answer to each of these should not exceed 75 words. Questions No. 18 to 21 are short answer questions carrying 4 marks.

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11.

"Entrepreneurs

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~~~~I~~~~~~~~I~m~ When ~ ~ ,~-~' for ~~~~~'q)1:ffi~? Name ,~~~~I~ ~ ~ an, the an ~ :3"?JJ:f entrepreneur during

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environmental

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Pragya Ltd.

enterprise

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element

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dreamers

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season

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how

What is meant by investigation

State any four basic functions exchange.

Which is the most important


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of ideas?

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decided to sell air-conditioners

involved in 'selling'

Explain 'Operational Plan' as a feature of a feasibility

asset under the head' Asset Management'

and use of the product/service. Also state the other areas which find a place in this element..

3
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indirect-selling

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decision.

plan.

two

description

and refrigerators

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12. State the steps of the action plan of a Production Manager under the head 'Production Planning and Scheduling'.,
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13.

Explain, 'Persistence', 'Creativity' entrepreneurial competencies.


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and

'Taking

initiative'

as 3

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14. Explain any three decisions to be taken under the head 'Material Resource' while setting up a small scale enterprise.
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15.

Name

and

explain

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method

of

pricing

in

which

price

of

product

fixed

consciously

at

low

level

with

minimal

margin

of

profit.

is

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What should an entrepreneur


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Explain.
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17.

"One of the essential demand'." Explain.


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objectives

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the market

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18. What is a 'feasibility feasibility plan?


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need a 4

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19.

Explain explain
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21. Explain 'ability to information'
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harness different SOurces of knowledge and 'vision and creativity' as important factors involved in

the process of sensing opportunities.


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22.

What is meant by Factoring?

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State any five features

of Factoring.

Explain

the follOwing (ii)

OR

SOurces of finance saving (iii)

of an enterpris~ Deposits from

: dealers

(i) Chit-Fund

Personal

(iv) Private money-lenders.


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3. Describe any three methods adopted by entrepreneurs ideas, with at least one example for each.
OR

to generate 6

Describe any three fields of ideas, with

suitable

examples.

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Name

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type

of

capital

OR

which

does

not

provide

any

of

control

over

management

of

the

enterprise.

State

any

right

advantages

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any

two

limitations

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