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Sanjeev Edupoint With the help of these  NCERT Solutions,  you can easily grasp basic concepts better and faster. Click on my you tube channel  Sanjeev Sukrail SHORT TYPE QUESTIONS 35) What is diversification Ans: It is a process of adding more products or markets or services to the existing product line. It overcomes the limitation of business growth through expansion. 36) What is product mix Ans: It refers to the complete range of products that is offered for sale by company. It is also called as product assortment 37) Write a short note on labour intensive technology Ans: Provides wide scope for employment opportunities, ensure effective use of resources and capital. However labour intensive units tend to show lower productivity, low rate of capital involvement and fails to improve the work by hands, there is no use of machinery. 38) What is labour intensive technology Ans : It provides wide scope for employment opportunities; ensure effective use of resources and c...

Sanjeev Edupoint With the help of these  NCERT Solutions,  you can easily grasp basic concepts better and faster. Click on my you tube channel  Sanjeev Sukrail SHORT TYPE QUESTIONS 18) What is entrepreneurship Ans: T he entrepreneur is defined as someone who has the ability and desire to establish, administer and succeed in a start up venture along with risk entitled to it, to make profits. The best example of entrepreneurship is the starting of a new business venture. 19) What is market plan Ans: A market plan may be part of an overall business plan. Solid marketing strategy is the foundation of a well written marketing plan. While a marketing plan contains a list of actions, without a sound strategic foundation, it is of little use to a business. 20) What is product line Ans: A product line is a group of related products under a single brand sold by the same company. Companies sell multiple product lines under their various brands. It often expands their offerings b...

  Sanjeev Edupoint With the help of these  NCERT Solutions,  you can easily grasp basic concepts better and faster. Click on my you tube channel  Sanjeev Sukrail SHORT TYPE QUESTIONS 1) Define ecology Ans: It is the scientific study of the interactions between organisms and their environment. The term comes from the Greek ‘study of house’ or the study of place we live in. 2) What is franchising Ans: A continuous relationship which a franchisor provides a licensed privilege to the franchisee to do and offers assistance in organizing, training and merchandising in return for monitory consideration 3) What is subsidy Ans: A sum of money granted by the state or a public body to help an industry or business keep the price of a commodity or service low is called subsidy 4) what is project formulation Ans: I t is a collection of interrelated actions and activities that take place in order to achieve a set of previously specified products, results or services 5) what is mar...