Business Services — Business Studies STD 11 Commerce — Question

Sarthak is dealing in goods on large scale. He buys the goods directly from the manufacturing industries in bulk and supply the same to the shops in the local areas. He is not dealing with the customers directly. He even provides financial support to manufacturer, by providing advance while placing order. Sarthak maintains huge quantity of stock, due to which he has to maintain large amount of capital.
On the basis of the given information about Sarthak, answer the following questions:
(a) Which type of business Sarthak is engaged in?
(b) Name the parties between which Sarthak is acting as a Linking pin.
(c) Discuss the services rendered by Sarthak to any one party identified in part (b).

Compare tabularly, life insurance, fire insurance, marine insurance and health insurance.

Business transformation is a constant part of business life. To remain competitive all businesses must be aware of their internal and external environment, identify trends and new value positions and change their mode of operation to exploit the business advantages they identify. Increasingly it is becoming evident that businesses achieving the most success in transforming the way they are connecting with their customers. Businesses that have a physical infrastructure (warehouse, retail, direct sales, catalogue, franchises) are now opening an on-line channel or website aligned, cross supported and complimentary to the traditional channels. This shift offers the comfort, support and encouragement to the customers.
On the basis of the given information, answer the following questions:
Identify the two modes of doing business and differentiate between them.

Explain the various types of digital payments.

What do you understand by a sole proprietorship firm? Explain its merits and limitations.

Discuss briefly the factors that govern the choice of mode of entry into international business.

Fabindia is India's largest private platform for products that are made from traditional techniques, skills and hand-based processes. It started as a wholesale export company and has since successfully established itself as a major retail player in the Indian market. Fabindia's first retail store opened in New Delhi in 1976. Today, Fabindia has 196 retail stores across India, two stores in Singapore and one store each in Bhutan, Dubai, Italy, Nepal and Mauritius. Fabindia links over 55,000 craft-based rural producers to modern urban markets, thereby creating a base for skilled, sustainable rural employment, and preserving India's traditional handicrafts in the process. The product range consists of garments for men, women, children and infants; garment accessories; home furnishings - bed, bath, table and kitchen linen, upholstery fabric, curtains, floor coverings; and a range of non-textile products like furniture, lights, lamps and stationery.
On the basis of the aforesaid information about Fabindia, answer the following questions:
(a) Identify the two kinds of trade Fabindia is engaged in.
(b) Differentiate between the two kinds of trade Fabindia is engaged in.

Exchange General Stores the distributors of Brigitte Cakes and Biscuits sells cakes and biscuits on cash and credit basis and deals with different traders on different terms and conditions.
North Delhi Merchandise Stores orders cakes and biscuits and preferred to make payment on delivery of the goods to their stores.
South Delhi Merchandise Stores orders cakes and biscuits and preferred to pay higher price inclusive of risk premium and cartage charges.
At the bottom of all the invoices, Exchange General Stores specified a acronym about considering the omissions, if any.
On the basis of the given information about Exchange General Stores, answer the following questions:
(a) Identify and explain the terms of trade used by Exchange General Stores while dealing with different traders.
(b) Identify and explain the acronym specified by Exchange General Stores at the bottom of all the invoices.

Describe the role of small business in rural India.

State the types of life insurance policies.