List of top Entrepreneurship Questions

Rajat was studying in class X. He had to drop out from school as his family could not afford it. He had to take a job of a peon in an office to provide money for his family. He lost his job at the office as the bank interest rate had gone up and the office was finding it difficult to meet expenses. On his way home, he stopped at a snack stall to eat something. There he got the idea of opening his own snack stall. Rajat went to meet Mr. Om, who was known to his father and used to give finance to people in need. Mr. Om agreed to give finance to Rajat. Rajat took 2 lakhs from Mr. Om and purchased a stall for ₹80,000 and some utensils and goods for ₹20,000. He purchased vegetables, bread, oil, spices, etc. for ₹10,000, cups, plates, and disposable items for ₹5,000. He decided to make sandwiches and sell them for ₹250 each as the competition was high and he wanted customers to come to his stall. He named his food stall "Paras food stall."
In the disposable items, Paras also purchased some boxes so that customers who wanted to take the food home can be given in the boxes. This increased his cost by ₹6,000. By the end of the year, the demand of the sandwiches made by Rajat increased and earned a profit of ₹80,000 after paying taxes.
Due to the popularity of the sandwiches of Rajat, two friends approached him and asked Rajat if he could help them. Rajat told them that he would manufacture the sandwiches and they would be given the right to distribute them in different parts of the city. The cost of production reduced as Rajat now had to produce in bulk. Rajat’s friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.

Vanaja and vasula are twin sisters who hail from the state of Kerala. They observed that children from her village were suffering from deformities due to prolonged use of pesticide contaminated river water and endosulphine spayed fruits and vegetables. Taking this into cognizance they both plan to start a firm which would promote organic farming in their village. In the beginning, the firm would be an association of two persons who would carry on the business as co-owners, would share profits and losses and would have unlimited liability. In order to avoid conflicts in future they would have a written agreement which will include all the classes relating to authority and responsibility of members, voting rights and roles and payment of members. The sisters will act as principal and agent for each other and for the firm. They discussed this proposal with the Block Development Officer (BDO). He was very appreciative of their efforts and suggested them to use a catchy slogan which would act as a powerful message to communicate to their cause. Taking clue from the suggestions made by the BDO, the sisters prepared a document which encompassed the relevant external and internal elements involved in starting a new venture. They approached BHIMA capitals Ltd with their proposal and presented a three-minute executive summary to awaken interest of potential funders. Quite impressed with the idea, the professional investors agreed to provide Private equity seed capital in return for minority shareholding.
Read the case study and answer the following questions.

Case Study (41-45):
Vibha had created a unique all weather jackets which had solar panels embedded in it. The USP of the jacket was that, harnessing the solar energy it could keep the jacket warm like a heater and cold like an air conditioner depending on the weather. Her market was the youth who came out of the comfort of their homes to stay in hostels. The name of her product was 'TURN COAT' which was beautifully written in comic sans font outside her showroom in FLD Mall. The name had a rising sun next to it making it an attractive composition to look at. Vibha was reading a lot of literature on the promotion strategies that she could use. She had already fixed a public appearance by the superstar Ralia Kapoor at her showroom in 15 days. She opened up Instagram and Twitter accounts in the name of 'TURN COAT'. She got the name of the product and the symbol of the rising sun printed on the parking ticket, that were collected by customers coming to the mall. While deciding on the pricing she was suggested by her mentor to keep the price very high to recover her R & D costs spent on developing the product. She was a little hesitant to do so and decided to price TURN COAT by covering the cost of producing it plus with reasonable profits

Mergers: Read the case and answer the questions (46-50)
Gaurav owned an event management company called 'Lotus Ltd.' in Mumbai. He used to organise weddings, meetings, conferences, etc. These events were full of activities, music, food and entertainment. He used to outsource decoration material, food as well as entertainment from different vendors.
Ms. Geetika was an owner of catering and decoration company called Miles Ltd. in Mumbai. She used to cater the food and decoration needs of various customers such as corporate as well as family functions.
Gaurav & Geetika were performing well in their respective businesses until covid-19 lockdown was introduced. Due to lack of demand for food, decoration and events, both the companies started facing losses. As the lockdown was lifted, nearly after a year, both Gaurav and Geetika were facing problems in managing their increasing operational costs with lesser number of customers. As they were planning to look for better business opportunity, they got to meet each other at an 'exponential' organised by trades of Mumbai at BKC ground.
In this 'exponential', there were different traders sharing their business ideas with each other. Hence, it was here that Gaurav and Geetika decided to restart their business by merging their operations with a new company name. 'G2 Lotus Miles Ltd'. They both shared their contacts of vendors and sutomers with each other and started getting order for events, food, decoration, entertainment, etc. Their business started blooming as their costs were lesser and more customers with demand of services given by Gaurav and Geetika.
Now its been two years that both of them have grown their business into other cities of Maharastra like, Pune. Ahmednagar and Nagpur under the company name of 'G2 Lotus Miles Ltd'. The company is growing with increased annual sales of 30%.