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Entrepreneurship Development Class 12 Notes CBSE Business Studies Chapter 13 (Free PDF Download)

Last updated date: 04th Mar 2024
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Revision Notes for CBSE Class 12 Business Studies Chapter 13 - Free PDF Download

Entrepreneurship Development is another pivotal chapter in the study of Business Studies. The Board recognized it’s growing importance and hence added the same in it’s curriculum. Students must not take this chapter lightly. ‘Entrepreneurship Development’ is the recent developmental study that is conducted all over the schools and colleges to know the importance of an Entrepreneur.

Students aspiring to study in this field must not ignore this chapter and revise it particularly before the exam from these revision notes.

Download CBSE Class 12 Business Studies Revision Notes 2023-24 PDF

Also, check CBSE Class 12 Business studies revision notes for other chapters:

Competitive Exams after 12th Science

Class 12 Business Studies Chapter 13 Revision Notes

Chapter 13 of Business Studies deals with ‘Entrepreneurship Development’. Students should study this important chapter and revise with these revision notes side by side. To secure good marks students cannot afford to get off track from their study, and these revision notes help the students to be in track with the study.

The chapter consists of many important definitions and various fundamentals. A student must know it thoroughly, and so in effect of this need we have coined this chapter in our revision notes.

In the revision notes we supplied – Concept, Characteristic of Entrepreneurship, Relationship between Entrepreneurship and Management, the process of entrepreneurship development are all discussed in detail, startup India Initiative all these are discussed in brief in the revision notes. 

Key Takeaways of the Revision Notes and Few Suggestions for the Students 

Students revising from these notes are equally ready for the exam and have a strong foothold over the chapter, the important topics revised here are as follows –

  1. Concept of Entrepreneurship 

This should be well studied and revised by the students to score good marks, there are high chances to know the basic concept of the study in the examination.

  1. Process of Entrepreneurship Development 

From this section too students are asked analytical questions on the recent development of this study.

  1.  Start-up India Initiative 

Students should know the initiative programs conducted in the state and national level.  

Why these Revision Notes?

Students follow the revising strategy mandatorily to prepare for the HS exam, they should revise side by side for their new learning

  1. By this revision material, students regain their touch of the earlier studied lessons.

  2. The definitions, the Act mentioned here in this chapter is quite of an importance and hence to note it down in one place and to revise the whole chapter students can easily do it from here.

  3. It acts as an ultimate guide for the students before the exam as it recapitulates the whole chapter in a capsule. 

  4. Students will never fall out from their studies following these revision notes. 

NCERT Solutions Chapter 13 Class 12 Business Studies Revision Notes

The revision notes of chapter 13 are provided for free, students are required to download the free PDFs which will help them to study and also revise the chapter of “Entrepreneurship Development”. The NCERT Solutions are the standard guide for the students. They get access to this guide from here itself. As mentioned earlier regarding the revision notes,  we provide here the NCERT solutions as well. This will altogether guide the student to prepare for the HS exam. The NCERT solutions contain both short and long type questions and answers which can be used for revising as well as for practice purpose. 

FAQs on Entrepreneurship Development Class 12 Notes CBSE Business Studies Chapter 13 (Free PDF Download)

1. What is Entrepreneurship?

Entrepreneurship is defined as the change, which includes other similar values than simply the economic ones. The narrow definition of entrepreneurship is the process of designing, launching and running the new business, this is often initially the capacity and willingness to develop, organize and also to manage a new business venture. Along with any of its risks to make a profit, the entrepreneurs create these businesses.

The definitions of entrepreneurship is based on the starting and running of businesses, due to the high risks involved in this launch, a significant proportion of start-up businesses have to close due to "lack of funding, bad business decisions, government policies, an economic crisis, lack of market demand, or a combination of all of these." 

2. How will the notes be beneficial?

The chapter ‘Entrepreneurship Development’ consists of various important definitions, modern terms of business, start-up initiatives programmes, and all together it’s growth is discussed overall. Hence, this chapter is very important, also the students have a high tendency to lose hold of this chapter before their examination, to refresh their memory in this chapter and also to provide the capsuled revision for the students, this revision material is introduced.

3. How will this study will help the students in their growth in future?

  • Students aspiring to pursue in this field of Entrepreneurship will be much benefitted from the tender age 

  • They will know all the pros and cons of the steps of Entrepreneurship. 

  • They will be aware of the start up initiatives taken up by the government which will too help in their growth.

  • From this study they get to know about the entrepreneurial techniques used and base their knowledge on how they can stand benefitted.

4. What are the steps of entrepreneurship development according to Revision Notes of Chapter 13 of Class 12 Business Studies?

The steps are:

  • Discover – analysis of opportunities involving inputs from different people, such as channel partners, technical people, employees, and consumers, to arrive at the perfect business opportunity. 

  • Evaluation – multiple questions are asked to oneself such as the chances of success after investment, the target market, and the competitive advantages.

  • Planning – the most important point for any new business because it will set standard assessment criteria and see whether the company is achieving them.

  • Resources –  recognizing the sources of finance and human resources, finding investors for the new business.

  • Management –  deciding on the structure of the management to resolve any operational problem.

  • Harvesting –  Comparison of real-time statistics with projected growth.

5. What is an entrepreneurship development according to Revision Notes of Chapter 13 of Class 12 Business Studies?

Entrepreneurship development refers to the process of improving the skills of entrepreneurs with classroom coaching programs and training. The major focus of this process is to have qualified entrepreneurs in large numbers.  In other words, the process of entrepreneurship development revolves around supporting entrepreneurs so that they can advance their knowledge through coaching classes and training. 

6. What are the objectives of entrepreneurship development according to Revision Notes of Chapter 13 of Class 12 Business Studies?

The main objectives of entrepreneurship development programmes include increasing the knowledge as well as the skill of the existing entrepreneurs while encouraging other aspirants to become an entrepreneur too. Actually, it increases the quality and quantity of such persons in the economy and also empowers them to arrive at better decisions and make a logical judgement for business activities.

7. Who is an Entrepreneur according to Revision Notes of Chapter 13 of Class 12 Business Studies?

An entrepreneur refers to an innovator, risk-taker, creator of jobs, seeker of excellence, who is goal-oriented, possesses persistence, has creativity, and builds an organization to create something of value.

An entrepreneur may be any individual who can undertake the building of a commercial organization through recognition of the potential demand of goods and services while acting as the agent of transforming the demand to supply. Complete information of the Chapter 13 of Class 12 Business Studies is available on Vedantu.

8. Differentiate between Entrepreneur and Entrepreneurship according to Revision Notes of Chapter 13 of Class 12 Business Studies.

The term entrepreneur means a person bearing the risks, combining different factors of production while bringing innovative ideas. Entrepreneurship refers to the kind of activities that are performed by the entrepreneur. The entrepreneur is a human, entrusted with identifying the business opportunities while taking it from a mere idea to proper execution. It's a one-man show. It's a process that involves different actions that must be undertaken for establishing an enterprise and involves multifaceted activities. For more, visit Vedantu. The solutions are free of cost and also available on Vedantu Mobile app.