Internal Trade — Business Studies STD 11 Commerce — Question

Monica Khanna is a jewellery designer. She started her career from the scratch and took advanced designing course at Jewellry Product Development Center. On the completion of the course she got a job at Gitanjali Gems. Being an experienced jewellery designer, Monica Khanna focuses on maintaining the originality and creativity of the ornaments that are custom designed and developed by her.

On the basis of the given information about Monica Khanna, answer the following questions:

(a) Identify the type of economic activity that Monica Khanna is engaged in.

(b) State any three features of the type of economic activity as identified in part (a).

Explain different types of fixed shops under retail trade.

What is the purpose behind intellectual property rights?

Distinguish between single line stores and speciality stores. Can you identify such stores in your locality?

Two years ago Gopal started manufacturing low fat, sugar free icecream on a
small scale basis in his home town, Vishakhapatnam. After some time his icecream became popular among health conscious young customers and old persons specially those having diabetes or some heart ailment. Because of the popularity of the icecream the demand has increased manifold. Gopal is unable to meet the same, because of his limited managerial ability and limited capital. Gopal also felt that whenever he fell sick his business was temporarily closed. To overcome this problem he decided to admit in the business his friend Mohan who has recently completed his MBA and is ready to invest money for the expansion of the business. Mohan advised Gopal to get their firm registered.
On the basis of the given information about Gopal, answer the following questions:
(a) Enlist three limitations indicated in the above case from which Gopal's business suffered.
(b) Why did Mohan advise Gopal to get the firm registered?

Describe briefly any two applications of E-business.

Explain the services provided by the retailer to the consumer.

The Department of Defence (DoD), headed by the Defence Secretary, deals with the Integrated Defence Staff (IDS), the three Services, the Indian Coast Guard, the paramilitary forces and various Inter-Service Organisations. It is also responsible for the Defence Budget, establishment matters, defence policy, matters relating to the Parliament, defence co-operation with foreign countries and coordination of all activities The Department of Defence deals with the three Services i.e., Army, Air Force, Navy and Coast Guard. It is also responsible for the Defence Budget, establishment matters, defence policy, matters relating to Parliament, defence co-operation with foreign countries, and coordination of all defence related activities. The Department of Defence act through the officers of the Government. Defence Secretary is also responsible for coordinating the activities of the other Departments in Ministry of Defence.

On the basis of the given information about the Department of Defence, answer the following questions:

(a) How will you classify the Department of Defence, as a form of public sector enterprise?

(b) State any three advantages of form of public sector enterprise identified in part

Explain briefly the different types of services.

If you need to start doing an economic activity to earn livelihood for your family, which one would you like and why?