CUET-UG SERIES Entrepreneurship
Emerging Modes Of Business
6 previous year questions.
Volume: 6 Ques
Yield: Medium
High-Yield Trend
6
2023 Chapter Questions 6 MCQs
01
PYQ 2023
medium
entrepreneurship ID: cuet-ug-
Raghav is the owner of a business. He wants to transfer his ownership to his daughter Poorvi. He can do this without taking permission from anyone if the business is a ______(Fill in the blank.)
1
Partnership firm
2
Public limited company
3
Private limited company
4
Sole Proprietorship
02
PYQ 2023
medium
entrepreneurship ID: cuet-ug-
When, with the merger of two companies, the combined value of the entity is more than the sum total of their individual company value, it is called as______.
1
Competency
2
Value addition
3
Synergy
4
Conglomerate
03
PYQ 2023
medium
entrepreneurship ID: cuet-ug-
"Rohan took an agency of MRF tyres & opened a shop at Lajpat Nagar market".
Which type of franchising is discussed in the above paragraph?
Which type of franchising is discussed in the above paragraph?
1
Manufacturing franchise opportunity
2
Product franchise business opportunity
3
Business franchise opportunity venture
4
Business format franchise opportunity
04
PYQ 2023
medium
entrepreneurship ID: cuet-ug-
Which of the following is NOT the advantage of franchising from the point of view of franchisee?
1
Product Acceptance
2
Knowledge of the market
3
Quick Expansion
4
Management expertise
05
PYQ 2023
medium
entrepreneurship ID: cuet-ug-
A merger between the two soft drink manufacturing company in Jaipur is an example of:
1
Conglomerate
2
Market extension mergers
3
Product extension mergers
4
Horizontal merger
06
PYQ 2023
easy
entrepreneurship ID: cuet-ug-
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%.
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%.