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Organisation of Commerce and Management · Class 12 Commerce

Ch 3Entrepreneurship Development — Class 12 Organisation of Commerce and Management, concept-first.

Entrepreneurship Development is the third of eight chapters in the Maharashtra State Board (MSBSHSE) HSC Commerce class 12 Organisation of Commerce and Management syllabus, and it carries the lightest weightage of the eight chapters — roughly around 5 marks (in both the no-option and with-option question patterns) out…

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Key concepts

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Entrepreneur, Entrepreneurship and Enterprise

These three terms describe, respectively, the person (entrepreneur) who identifies an opportunity and takes on the risk of pursuing it; the ongoing process and bundle of skills (entrepreneurship) — opportunity-spotting,…

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Chapter contents

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Overview

Entrepreneurship Development is the third of eight chapters in the Maharashtra State Board (MSBSHSE) HSC Commerce class 12 Organisation of Commerce and Management syllabus, and it carries the lightest…

1

Entrepreneur, Entrepreneurship and Enterprise

The word 'entrepreneur' comes from the French verb entreprendre, meaning 'to undertake'. In everyday usage the words entrepreneur, entrepreneurship and enterprise are often used loosely as if they mea…

2

Qualities of a Successful Entrepreneur

Not everyone who starts a business succeeds at it — running a venture successfully calls for a particular combination of personal qualities.

3

Functions and Types of Entrepreneurs

An entrepreneur performs several distinct functions while building and running a venture, and entrepreneurs themselves can be classified in a number of different ways depending on the basis used.

4

The Entrepreneurial Process

Starting and growing an enterprise is not a single event but a sequence of stages that most entrepreneurs pass through, in roughly the following order — though in practice an entrepreneur often revisi…

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MSME, Government Support and Problems Faced by Entrepreneurs

MSME stands for Micro, Small and Medium Enterprises. These are enterprises that are classified into three size categories under the MSME Development Act, 2006 (as revised through subsequent government…

Sample & Board Papers

Sample papers and previous-year board questions for this subject.

+Show 10 questions10 questions
  1. Q1Start-Up India is an initiative of the ______. (a) RBI (b) Government of India (c) World BankPreview
  2. Q2Match the Pairs: | Group 'A' | Group 'B' | | --- | --- | | (a) Agro tourism | (1) Tangible in nature | | (b) Business Service | (2) 1930 | |…Preview
  3. Q3Mr. Rajaram is young M.Sc (Agri) degree holder. Mr. Sitorom is commerce graduate. Mr. Rojorom is willing to start Agro tourism center at his…Preview
  4. Q4Find the Odd one out: (a) Trekking (b) Wildlife study (c) Horseback riding (d) Indoor gamesPreview
  5. Q5Justify the following statement. Entrepreneurship is the best source for self-employment.Preview
  6. Q6Start-Up India is an initiative of the ______. (a) RBI (b) Government of India (c) World BankPreview
  7. Q7Explain the characteristics of entrepreneur.Preview
  8. Q8Explain in detail the functions of an entrepreneur.Preview
  9. Q9Explain any five functions of an entrepreneur.Preview
  10. Q10Write short answer of the following: State the functions of an entrepreneur.Preview

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+Show 7 questions7 questions
  1. Q1The person who conceives a business idea, takes the risk of starting it, and brings together resources to run it is known as: (A) Enterprise…Free
  2. Q2Which of the following best describes an entrepreneur's attitude to risk? (A) Avoids all risk (B) Takes reckless, unplanned risk (C) Takes c…Free
  3. Q3Introducing a new product, process or method of production for the first time is an example of which function of an entrepreneur? (A) Risk-b…Free
  4. Q4An entrepreneur who sets up and manages an enterprise using new technology, machinery and technical processes, often with an engineering or…Preview
  5. Q5Which of the following is the correct first step in the entrepreneurial process? (A) Preparing a business plan (B) Mobilising finance (C) Ge…Preview
  6. Q6Under the MSME classification, apart from investment in plant and machinery/equipment, which additional criterion is used to classify an ent…Preview
  7. Q7The Government of India's 'Start-up India' initiative primarily aims to: (A) Provide subsidised raw materials to large industries (B) Promot…Preview
+Show 3 questions3 questions
  1. Q8Sunita, a homemaker in Nashik, noticed that local shops did not sell hygienically packed, home-style pickles. Despite having no prior busine…Free
  2. Q9Ramesh grew up in a small village and started a poultry farm using traditional methods and local resources to serve nearby villages. He has…Preview
  3. Q10Priya has an idea to open a cloud-kitchen delivering Maharashtrian thalis in Pune. Before investing any money, she surveys nearby offices an…Preview