Commerce Exam > Commerce Notes > Additional Study Material for Commerce > (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12
(HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 | Additional Study Material for Commerce PDF Download
Q1. What is the difference between Basic Ideas and Post Scanning Ideas ? (2 marks)
Ans. (a) Spotting of basic idea is random in nature whereas development of idea after scanning the environment is a more purposeful activity.
(b) Spotting basic ideas is an experimental process whereas scanning ideas is a strategic process.
Q2. How can creativity make an entrepreneur better than others ? (2 marks)
Ans. Creativity is the key component in the qualities of an entrepreneur. With creativity, an entrepreneur can invent new ideas, new opportunities and bring changes and improvements in existing opportunities. Two businessmen can have the same qualifications or same products but creativity makes one better than the other.
Q3. Why is market research conducted ? (4 marks)
Ans. Research is conducted to gather information regarding products and services which are already present in the market. Research also helps the entrepreneurs to get new ideas regarding the size, shape, quality and other features to be included in products according to the preferences of customers so that one can produce the product with high demand and low supply.
Value Based Question:
Q. A manufacturer of fridge has used new technology, in place of using harmful gases, which do not cause air pollution. Which values are being followed here ? (3 marks)
Ans.
(i) Environment Protection
(ii) To fulfill social responsibility
The document (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 | Additional Study Material for Commerce is a part of the Commerce Course Additional Study Material for Commerce.
All you need of Commerce at this link: Commerce
|
4 videos|168 docs
|
FAQs on (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 - Additional Study Material for Commerce
| 1. What is an entrepreneurial opportunity? |  |
Ans. An entrepreneurial opportunity refers to a situation where an individual or a group identifies a potential business idea or market gap that can be exploited for profit. It involves recognizing and exploiting opportunities to create and establish a new venture or develop an innovative product or service.
| 2. What is entrepreneurship? | |
Ans. Entrepreneurship is the process of designing, launching, and managing a new business venture. It involves taking calculated risks, organizing resources, and initiating innovative ideas and concepts to create a profitable and sustainable business. Entrepreneurs play a crucial role in driving economic growth and creating employment opportunities.
| 3. How can one identify entrepreneurial opportunities? | |
Ans. Identifying entrepreneurial opportunities requires a combination of market analysis, problem-solving skills, and creativity. Some ways to identify such opportunities include:
1. Market research: Conducting thorough market research to identify unmet customer needs, market trends, and potential gaps.
2. Problem-solving: Identifying problems or challenges faced by individuals or businesses and developing innovative solutions.
3. Industry insights: Keeping up-to-date with industry developments, technological advancements, and emerging markets.
4. Networking: Engaging with professionals, attending conferences, and participating in industry events to stay informed about potential opportunities.
5. Personal interests and passions: Reflecting on personal interests and passions to identify areas where one can leverage their skills and expertise.
| 4. What are the key characteristics of successful entrepreneurs? | |
Ans. Successful entrepreneurs possess certain key characteristics that contribute to their ability to identify and seize entrepreneurial opportunities. These characteristics include:
1. Passion and motivation: Successful entrepreneurs are driven by a strong passion for their business idea and are highly motivated to succeed.
2. Risk-taking ability: They are willing to take calculated risks and have the ability to tolerate uncertainty and ambiguity.
3. Creativity and innovation: They possess a creative mindset and are constantly seeking ways to innovate and differentiate themselves in the market.
4. Resilience and perseverance: They are resilient in the face of challenges and setbacks and possess the determination to overcome obstacles.
5. Strong leadership and management skills: Successful entrepreneurs have the ability to lead and manage their teams effectively, making strategic decisions and adapting to changing market conditions.
| 5. What are the advantages of pursuing entrepreneurship as a career? | |
Ans. Pursuing entrepreneurship as a career offers several advantages, including:
1. Independence and flexibility: Entrepreneurs have the freedom to set their own working hours and make decisions independently.
2. Unlimited income potential: Successful entrepreneurs have the opportunity to earn unlimited profits and build wealth through their business ventures.
3. Personal fulfillment: Entrepreneurship allows individuals to pursue their passions and turn their ideas into reality, leading to a sense of personal fulfillment.
4. Job creation: Entrepreneurship contributes to job creation, which in turn stimulates economic growth and reduces unemployment rates.
5. Learning and personal growth: Entrepreneurs constantly face new challenges and opportunities, allowing for continuous learning and personal growth.
Related Exams
About this Document
|
Dec 23, 2024 Last updated |
Document Description: (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 for Commerce 2024 is part of Additional Study Material for Commerce preparation.
The notes and questions for (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 have been prepared according to the Commerce exam syllabus. Information about (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 covers topics
like and (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12.
Introduction of (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 in English is available as part of our Additional Study Material for Commerce
for Commerce & (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 in Hindi for Additional Study Material for Commerce course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 | Additional Study Material for Commerce
Description
Full syllabus notes, lecture & questions for (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 | Additional Study Material for Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Additional Study Material for Commerce | Best notes, free PDF download
Information about (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12
In this doc you can find the meaning of (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 defined & explained in the simplest way possible. Besides explaining types of
(HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 theory, EduRev gives you an ample number of questions to practice (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 tests, examples and also practice Commerce
tests
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
practice quizzes
,(HOTS) Questions - Entrepreneurial Opportunity
,Free
,Exam
,MCQs
,ppt
,study material
,shortcuts and tricks
,Viva Questions
,past year papers
,Objective type Questions
,Sample Paper
,Entrepreneurship
,video lectures
,Semester Notes
,Entrepreneurship
,mock tests for examination
,Previous Year Questions with Solutions
,Class 12 | Additional Study Material for Commerce
,(HOTS) Questions - Entrepreneurial Opportunity
,Important questions
,Summary
,Entrepreneurship
,Class 12 | Additional Study Material for Commerce
,Class 12 | Additional Study Material for Commerce
,(HOTS) Questions - Entrepreneurial Opportunity
,Extra Questions
;
Additional Information about (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 for Commerce Preparation
(HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 Free PDF Download
The (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 now and kickstart your journey towards success in the Commerce exam.
Importance of (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12
The importance of (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
(HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 Notes
(HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 Notes on EduRev are your ultimate resource for success.
(HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 Commerce
The "(HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 on the App
Students of Commerce can study (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of (HOTS) Questions - Entrepreneurial Opportunity, Entrepreneurship, Class 12 is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup