List of top Entrepreneurship Questions asked in CBSE Class Twelve Board Exam

What is a ‘Business Opportunity’? List any two elements of Business Opportunity.

In ________________ acquisition, a public company is taken over by a private company.

‘Payal Ltd.’ is the manufacturer of high-end costly water purifiers. Their water purifiers are unique and different from the purifiers available in the market. For its marketing, they appointed salespersons who will go door-to-door and explain the unique features of their product. From the following, identify the channel of distribution adopted by ‘Payal Ltd.’:

A brand or a part of a brand that is given legal protection against its use by other firms is called ________________________.

Patents ________________________.
(i) Grant an inventor the right to exclude others from making, using, selling, offering to sell, and importing an invention for a limited period of time, in exchange for the public disclosure of the invention.
(ii) Give the creator of the original work exclusive rights, usually for a limited period.
(iii) Are a recognizable sign, design or expression which distinguishes products or services of a particular trade from the similar products or services of other traders.
(iv) Protect the visual design of objects that are not purely utilitarian. It can be a two or three dimensional pattern used to produce a product.

Match the given components of a Business Plan in Column I and their meaning in Column II. Choose the correct option from the options given below:

S. No.	Column I (Business Plan)	Column II (Meaning)
(1)	Production Plan	Transformation of raw material into finished product using energy, capital, manpower and machinery.
(2)	Operational Plan	Organising the movement of material, performance of machines and labour operations.
(3)	Organizational Plan	Describes the proposed venture’s form of ownership.
(4)	Marketing Plan	Provides guidelines regarding marketing objectives, strategies and activities.

This is the title or cover page that provides a brief summary of a business plan’s contents:

A business opportunity can be described as an economic idea which can be implemented to create ______________ and earn profits.

‘Bharat Cars Ltd.’ is the manufacturer of small cars in India and ‘Swadeshi Ltd.’ is the manufacturer and supplier of car parts. Both the companies decide to merge as such a merger would allow ‘Bharat Cars Ltd.’ to obtain better pricing on parts and have better control over the manufacturing process. ‘Swadeshi Ltd.’ would also be guaranteed a steady stream of business. The type of merger is:

‘The business of partnership firm can be carried on by all the partners or any one of them acting for all.’ This statement indicates which of the following characteristic of partnership?

Sudershan has undergone skill development training for maintenance of electronic items, from an institute started under the ‘Skill Development Mission’ by the Government of India. He wants to start his own small business in his locality with<1,00,000 given by his father as capital. He himself wants to manage and control this business, employing some assistants, if required. Out of the following, suggest the form of business organisation he can adopt:

In this method of pricing, goods are sold at higher prices so that fewer sales are needed to break even. It also helps the company in recovering the research and development costs which are associated with the development of a new product. This method of pricing is:

Shivam is manufacturing hair straightening flat irons and supplying them to various beauty salons across the city. Over the last few months he observed that the sale of flat irons has decreased drastically. He tried to find out the reason. He found that the hair experts have started recommending ceramic irons which are now being sold by competitors in the market. So, he also started manufacturing ceramic irons based on new technology with added features like curling, crimping, etc. Identify the source of idea field used by Shivam:

Look at the given picture and state what it represents out of the following: