myclass24
myclass24your class. your pace.
Q&A BANK

every question.
answered.

190 answers across CBSE, ICSE, and State boards - Class 1 to 12, every subject.

CBSEICSEState
SUBJECT
CLASS

Filtered results

190 TOTAL
GeneralClass 11CBSE

How does education stimulate growth in human resource? 2 Marks A.7. 1. Education develops ability to adjust with people,

environment etc.

GeneralClass 11CBSE

Name the term which explains the ability of an entrepreneur to develop skills to practice innovation of products and then put these innovations to social use.

Entrepreneurship.

GeneralClass 11CBSE

What kind of knowledge for resources does a successful entrepreneur need?

Basic knowledge of men and materials.

GeneralClass 11CBSE

What develops the capacity to assimilate knowledge in an entrepreneur?

Education.

GeneralClass 11CBSE

What is an enterprise vision?

It is the intended future state of the organisation.

GeneralClass 11CBSE

Which level of education provides capacity to offer services?

Professional education.

GeneralClass 11CBSE

What is the aim of providing enterprise education?

Human resource development.

GeneralClass 11CBSE

Explain any six functions of an entrepreneur.

The functions are: Sensing an entrepreneurial opportunity: The entrepreneur senses the opportunity faster than others do. He has to keep his eyes and ears open and require imagination and creativity. Converting ideas into reality: An entrepreneur collects information regarding the ideas, products, practices to suit the demand in the market. Resourcing: An entrepreneur needs various resources in terms of money, machine, material and men to run the enterprise succ

GeneralClass 11CBSE

Explain the salient features to manage the enterprise.

The salient features to manage the enterprise are: Organisation of goods and services Ensuring production Ensuring quality Ensuring supply Marketing the product or services Ensuring returns on investment Exercising controls on the supply line for continuity Managing finances Watching the competition.

GeneralClass 11CBSE

State the competencies an entrepreneur should have in sensing the opportunity?

An entrepreneur should have the: Ability to sense and evaluate the enterprise opportunity. Ability to assess the strength of the opportunity. Ability to distinguish between the real and the perceived value of the opportunity. Ability to see the risks and their returns. Ability to have personal skills and goal in the context of the opportunity. Ability to estimate the differential advantage of the enterprise in a competitive environment

GeneralClass 11CBSE

Mention any six features of a broad business plan.

Main features of a broad business plan are: Market studies Feasibility report A list of proposed products and / or services A broad understanding of the quantity and quality of the proposed products and services Sources of inputs Anticipated problems and their management

GeneralClass 11CBSE

Mention any four efforts done by an entrepreneur to convert his dreams into reality?

The following efforts are done by an entrepreneur to convert the dreams into reality: Perceiving the opportunity. Collecting relevant information related to the consumer. Studying the needs of the market and the consumer. Gathering relevant information and expertise related to the tools and techniques required to design the idea, product or service.

GeneralClass 11CBSE

Why an entrepreneur cannot remain static?

The qualities of head and heart of an entrepreneur will not allow him to remain static. He has to look for growth potential of his products and services. He has to pursue higher goals and improved quality to expand his market. Therefore, the entrepreneur constantly strives for the growth and development.

GeneralClass 11CBSE

What necessary precautions an entrepreneur has to take in order to establish an enterprise?

In establishing an enterprise, the entrepreneur might have to seek: legal opinions governmental permission clearance from various agencies He has to formalise several ideas and put them into action. He has to exhibit a keen acumen, sharp intellect, patience and interpersonal skills in the task of establishing the enterprise.

GeneralClass 11CBSE

Why establishment of an enterprise is the crucial activity of the entrepreneur?

The task of establishing an enterprise calls for mobilisation of the resources. The entrepreneur might have knowledge, technology or the resources available at his disposal, but unless the enterprise is established, other functions do not get in focus or fall in a system. This needs planning, coordination and organisation, which need an initial investment in terms of the capital.

GeneralClass 11CBSE

Mention the types of resources included by an entrepreneur in resourcing.

The types of resources included are: Materials Money Machines Market availability Technology Human resources

GeneralClass 11CBSE

‘An entrepreneur has to sense the opportunities much faster than others do’. Explain why?

An entrepreneur possesses the qualities to foresee the changes. He understands the needs of the users of these changes. Besides this, he is able to distinguish between the real and the perceived value of the opportunity, able to see the risks and their returns, able to estimate the differential advantage of the enterprise in a competitive environment. That is why an entrepreneur senses the opportunities much faster than others do.

GeneralClass 11CBSE

Mention any four attributes required on the part of an entrepreneur to sense the opportunities.

The following are the attributes required on the part of an entrepreneur to sense and understand the opportunities: i)Imagination ii)Intuition iii)Innovativeness iv)Creativity.

GeneralClass 11CBSE

What is the catchword for growth and development for an entrepreneur?

‘Pursuit of excellence’ is the catchword for growth and development for an entrepreneur. An entrepreneur has to look for growth potential of his products and services for expansion of the market. He has to pursue higher goals and improved quality. He has to watch for the competitors, so that his products and services have a fair advantage in the market because of their quality and need gratification.

GeneralClass 11CBSE

Why ‘growth and development’ is an important function of an entrepreneur.

Once the enterprise achieves its desired results, the entrepreneur has to explore another higher goal for its proper growth and development. The entrepreneur is not satisfied only with achieving a set of goal, but constantly strives for achieving excellence.

STILL STUCK?

Get a tutor for just your question.

One-on-one help, verified tutors. Matched within 24 hours.

Get Started →