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Amish has the habit of reading newspaper on a daily basis. The latest headlines caught his attention.

The
headlines read as follows’ “Government plans to offer subsidy to manufacturers of solar panels”. He had
also heard from his friend that individual house owners prefer to install solar panels to save electricity.
He started to make connections that led him to a business idea of establishing a small scale industry
manufacturing solar panels.

Identify and explain this way of identification by Amish which has helped him to understand the market
and produce goods accordingly.

The agarbatti market in India is estimated at whopping Rs.3,500 crore annually and growing. Indian-
made agarbattis are also making rapid inroads into foreign countries. Agarbatti manufacturing is one of
the small scale manufacturing businesses that show promise of exponential growth over coming years.
Karnataka has been famous for Agarbatti manufacturing due to easy availability of raw materials.

Identify and state any two objectives of the financial institution which will provide financial aid to this
sector.

Subeer, a tech-entrepreneur and his friend Harish, an investment banker planned to start a business
organization where they can exercise control over the business, manage it with limited liability and that
its continuity is not affected by entry or exit of members. They intend to maintain the confidentiality of
the business operations as well.

Identify the form of business organization best suited for them giving reasons for the choice?

Entrepreneurship does not emerge and grow spontaneously. Rather, it is dependent upon several
economic, social, political, legal and other factors. An entrepreneur has to carefully monitor the
organization's internal and external environment for detecting early signs of opportunities and threats
that may influence its current and future plans.

Identifying the concept, justify its importance for an entrepreneur

Since her college days Mehak, loved the thrill of adventure sports. She was an avid reader which helped
her to keep track of various new adventure sports taken up all around the world. She had recently read
an article on increasing trend towards 'space tourism and adventurous holidays'. Using her personal
experiences and her passion for adventure sports she decided to start a company called ‘YOLO’. For the
same purpose she also decided to collect statistics to see how much of these sports were accepted in
our country.

Identify the ways in which she was able to spot the trend.
1. Do family-owned companies need corporate governance
2. What governance issues do investors look at before investing in my business
3. How can the board of directors ensure that appropriate procedures are followed within the
company?
4. How do I trust independent directors with confidential information?

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