Business, Trade and Commmerce — Business Studies STD 11 Commerce — Question

The Cake Plaza specializes in delivering a variety of traditional cakes, designer cakes, dry cakes, cookies, chocolates etc. made to order using the finest ingredients available in a wide array of different tastes, colours, designs and themes. You can get a cake of your choice customized with your personal message at your doorstep to celebrate any event, occasion, festival, get-together etc. Josephine the owner of The Cake Plaza stays in Delhi. She wants to expand her business to other parts of country but lacks the required funds for the same. She also wants that even the people from other states come to know about her tasty cakes and cookies. At the same time she is afraid that her shop may catch fire as it happened with one of the neighbouring shops last week.
On the basis of the given information about The Cake Plaza, answer the following questions:
(a) Specify any three business activities that will Josephine her achieve her goals.
(b) Explain any three business activities that will Josephine her achieve her goals.

What do you mean by exporting and importing? Mention its advantages and disadvantages.

Business ethics and social responsibility are not synonyms but are closely related. Substantiate.

Rahul Aggarwal is working as a CEO in a reputed company having head office
in Mumbai. The company is following a dynamic approach and thus keeps launching innovative products in the market. He know that the shares of his company are not freely transferrable. The company is also concerned about its employees and is offering them good working conditions along with other non-financial benefits. Rahul is concerned about education of children living in slums of Mumbai and thus he is planning to donate 4% of his companies profit for their education. As the company was able to earn good profit it has declared a dividend of 10% for its shareholders and transferred residual profits in reserve.
On the basis of the given information, answer the following questions:
(a) Name the type of company mentioned in the above case.
(b) State any two demerits of company form of business organisation.
(c) Identify any two values which the company is trying to communicate to the society.

Social responsibility is not an area of business. Do you agree? Justify.

Describe the Industrial Policy 1991, towards the public sector.

Petronet LNG Ltd. is an Indian oil and gas company formed by the government of India to import liquefied natural gas (LNG) and set up LNG terminals in the country. It is an enterprise promoted by collusive effort by the Gas Authority of India Limited (GAIL), Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOC) and BharatPetroleum Corporation Limited (BPCL) with an authorised capital of 1200 crores. Each has 12.5% share totaling to 50%. The reasons for this alliances is complementary capabilities and resources such as distribution channels, and technology.

On the basis of the given information about Petronet LNG Ltd., answer the following questions:
(a) Identify the type of business enterprise highlighted by quoting the lines from above case.
(b) Explain any four benefits of the type of business enterprise identified in above question

There are various types of cooperative societies, which vary in their nature of activities. Discuss any three such cooperative societies.

Kiran is a sole proprietor. Over the past decade, her business has grown from operating a neighbourhood corner shop selling accessories such as artificial jewellery, bags, hair clips and nail art to a retail chain with three branches in the city. Although she looks after the varied functions in all the branches, she is wondering whether she should form a company to better manage the business. She also has plans to open branches countrywide.

1. Explain two benefits of remaining a sole proprietor.
2. Explain two benefits of converting to a joint stock company.
3. What role will her decision to go nationwide play in her choice of form of the organisation?
4. What legal formalities will she have to undergo to operate business as a company?

After the announcement of demonetisation of ₹500 and ₹1000 currency notes by the Government of India, there has been a sharp increase in the number of downloads for mobile applications like: Paytm, PayPal, e-Wallet etc. Usage of digital currency is on the rise as customers are increasingly opting for new platforms. There have been very strong reactions from general public on platforms like Facebook, Twitter, Instagram etc., where some groups are supporting the decision while many others groups are opposing it.
On the basis of the given information about demonetisation, answer the following questions:
(a) Which new mode of business is emerging these days?
(b) Enlist the ways of payment options other than cash payment used in the emerging mode of business identified in part (a).
(c) Explain the security measures to be adopted in the above emerging mode of business?