Commerce Exam > Commerce Notes > Additional Study Material for Commerce > Very Short Type Questions - Enterprise Growth Strategies, Entrepreneurship, Class 12
Very Short Type Questions - Enterprise Growth Strategies, Entrepreneurship, Class 12 | Additional Study Material for Commerce PDF Download
Q1. Name the types of added values. (1 mark)
Ans.
(i) Quality,
(ii) Environmental,
(iii) Cause-related,
(iv) Cultural.
Q2. What is value chain ? (1 mark)
Ans. It is the whole series of activities that create and build value at every step.
Q3. Hema Enterprises is dealing in Health Drinks. The enterprise has been manufacturing “Mother’s Choice” a malt based health drink. Adopting to the latest market trends she decided to bring out an impoved form of fortified health drink with vitamin B-12, iron and minerals to increase immunity. She believed that by modifying the product she will be able to create a new product. Identify the concept and define it. (SQP) (2 marks)
Ans. Value Addition Businesses add value to goods and services by modifying them in a particular way to create a new product of greater value to customers.
Q4. How does business add value to goods and services ? (2 marks)
Ans. Business adds value to goods and services by modifying them in a particular way to create a new product of greater value to customers.
Q5. Give two examples of value addition. (2 marks)
Ans.
(i) Packaging ready-to-use grated cheese into serving size packets.
(ii) Turning wood into paper.
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FAQs on Very Short Type Questions - Enterprise Growth Strategies, Entrepreneurship, Class 12 - Additional Study Material for Commerce
| 1. What are some effective strategies for enterprise growth? |  |
Ans. Effective strategies for enterprise growth include diversifying into new markets, expanding product or service offerings, forming strategic partnerships, investing in research and development, and implementing efficient marketing and sales strategies.
| 2. How can entrepreneurship contribute to economic growth? | |
Ans. Entrepreneurship can contribute to economic growth by creating new jobs, stimulating innovation and technological advancements, attracting investments, and fostering competition in the market.
| 3. What is the importance of studying entrepreneurship in commerce? | |
Ans. Studying entrepreneurship in commerce helps students develop skills such as critical thinking, problem-solving, decision-making, and risk management. It also provides insights into starting and managing businesses, which can be valuable for future entrepreneurs or professionals working in the business sector.
| 4. How can entrepreneurs identify growth opportunities for their businesses? | |
Ans. Entrepreneurs can identify growth opportunities for their businesses by conducting market research, analyzing customer needs and preferences, monitoring industry trends, networking with industry experts, and continuously seeking feedback from customers.
| 5. What are the key factors to consider when formulating an enterprise growth strategy? | |
Ans. Key factors to consider when formulating an enterprise growth strategy include analyzing the competitive landscape, assessing the financial feasibility of the strategy, considering potential risks and challenges, aligning the strategy with the company's mission and values, and adapting to changing market conditions.
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Dec 23, 2024 Last updated |
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