CBSE Class 11 Entrepreneurship Worksheet Set 01 Solved

1. What is commerce? 

2. Which auxiliaries to trade are required to remove the hindrances of place and finance? 

3. Differentiate between extractive and genetic industry with examples. 

4. Explain different penetration strategies of intensive expansion. 

5. Briefly explain the different indirect channels of distribution. 

6. State the importance of conducting market survey. 

7. Explain the different ways of entering foreign market.

VALUE POINTS 

1. Commerce is the sum total of all those activities which are engaged in the removal hindrance of persons, place and time in exchange of commodities.

2. Transportation and banking.

3. Extractive industry is engaged in raising some form of wealth from the soil, climate, air, water or beneath from the surface of the earth.
Eg : Agriculture , Mining etc..,

Genetic industry is related to the reproducing and multiplying of certain species of animals and plants with the object of earning profits from their sale.
Eg : Fish hatcheries, Poultry farms etc…,

4. Penetration strategies are :

1. Encourage frequency of use
2. Attract new client
3. Attract competitors customers
( Points with explanation)

5. Indirect channel of distribution are :

1. One level channel
2. Two level channels
3. Three level channels
( Points with explanation)

6. Importance of market survey :

1. Customer is the king
2. Risk reduction
3. Helps attaining objectives
4. Market overview
5. Forecast6. Decision making
( Any four with explanation)

7. Ways of entering foreign market are :

1. Indirect export
2. Direct export
3. Licensing
4. Contract manufacturing
5. Joint ventures
6. Direct investment
( Points with explanation)

Please click on below link to download CBSE Class 11 Entrepreneurship Worksheet Set A Solved