CUET-UG SERIES Entrepreneurship
Business Environment
1 previous year questions.
Volume: 1 Ques
Yield: Medium
High-Yield Trend
1
2023 Chapter Questions 1 MCQs
01
PYQ 2023
easy
entrepreneurship ID: cuet-ug-
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 βΉ80,000 and some utensils and goods for βΉ20,000. He purchased vegetables, bread, oil, spices, etc. for βΉ10,000, cups, plates, and disposable items for βΉ5,000. He decided to make sandwiches and sell them for βΉ250 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 βΉ6,000. By the end of the year, the demand of the sandwiches made by Rajat increased and earned a profit of βΉ80,000 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. Rajatβs friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.
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 βΉ6,000. By the end of the year, the demand of the sandwiches made by Rajat increased and earned a profit of βΉ80,000 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. Rajatβs friends are also very happy as all the sandwiches got sold and everyone knew about the sandwiches made by Rajat.