CBSE Class-12 Exam 2018 : Marking Scheme, Entrepreneurship

Class 12 papers

CBSE Class-12 Exam 2018 : Marking Scheme

Question Paper, Entrepreneurship

CBSE Class-12 Exam 2018 : Entrepreneurship (Delhi)

Senior School Certificate Examination

MARKING SCHEME - Entrepreneurship 98 Series

1. Give the meaning of an entrepreneur? 1

Ans. Entrepreneur is anyone who always searches for an opportunity. (Any other suitable definition)

2. State the liability of a partner? 1

Ans. Unlimited liability

3. What is meant by ‘integrative negotiations’? 1

Ans. Integrative negotiations are commonly referred to as ―win-win. In this type of negotiation, each side is working towards a solution where everyone wins something.

4. Differentiate between Sales Budget and Marketing Budget? 1

Ans. Sales budget is an estimate of future sales, often broken down into both units and currency. It is used to create company sales goals. Marketing budget is an estimate of the funds needed for promotion, advertising, and public relations in order to market the product or service.

5. Deepak Industries is a sugar unit in U.P. Due to various factors it started running into losses and was declared a sick unit by the State Confederation of Industries. It had assets and probability to revive if financial assistance could be made available. Name the financial organization can help Deepak Industries in this situation knowing well that it cannot furnish any collateral security against loan sanctioned? 1

Ans. Industrial Investment Bank of India Ltd. (IIBI)

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Courtesy: CBSE