Private, Public and Global Enterprises — Business Studies STD 11 Commerce — Question

Write the meaning and features of the small-scale industry.

Explain different types of fixed shops under retail trade.

After completing a course in gemology, Esha joins her father in the family business of fashion jewellery. Her father owns two showrooms at different locations in the city and operates his business through them. However, Esha intends to expand the business by venturing into online retailing. She also intends to introduce flexible manufacturing with the use of computer networks wherein the marketing department can interact constantly with the production department and get the customized products made as per the requirements of the individual customer.
a. How is the mode of business that Esha intends to adopt different from the one that her father has been following over the years?
b. Distinguish between the two different modes of business as identified in part (a) of the question by giving any four points.

The Amul model has helped India to emerge as the largest milk producer in the world. More than 15 million milk producers pour their milk in 1,44,500 dairy establishments across the country. Their milk is processed in 184 District establishments and marketed by 22 State Marketing Federations, ensuring a better life for millions everyday. The story of Amul started in year 1946 with a group of farmers coming together to gain access to the market and there by ensure maximum returns for their efforts.
On the basis of the given information about Amul, answer the following questions:
(a) Identify the form of business organisation started by the farmers.
(b) Explain any two features of form of business organisation identified in part (a).
(c) What is the procedure required to set up this form of business organisation?

Preet food Industries set up food and beverages processing plant in the rural area of Haryana and opted for labour intensive technique due to easy availability of labour and to provide employment to local people. Board of director decided to invest 50 lakhs to acquire plant & machinery, Rs. 1 crore to buy land, Rs. 20 Lakhs to buy raw material and Rs. 20lakhs to maintain day to day expenses.

(a) Name the Act of Industries which is applicable to the above industry.

(b) which category of part (a) will the above industry came ?

(c) State the investment limit in this category.

(d) what value have been followed by the above company.

[Hints:-MSMED Act, 2006, Small Scale Industry, Rs. 5 crores, Employment Generation, Balanced Regional Development, concern for social.]

Differentiate between traditional business and e-business.

Explain the need for entrepreneurship development?

“Foreign trade is not free from difficulties.” Comment.

What is business ethics? Mention the basic elements of business ethics.

The Food Corporation of India (FCI) was set up on 14 January 1965 having its first District Office at Thanjavur - rice bowl of Tamil Nadu and headquarters at Chennai (The Headquarters later shifted to Delhi) under the Food Corporations Act 1964. The Food Corporation of India (FCI) implemented the objectives of the effective price support operations for safeguarding the interests of the poor farmers and regulation of market price to provide food grains to consumers at a reliable price. The Food Corporation of India procures rice and wheat from farmers through many routes like paddy purchase centresmill levy/custom milling and stores them in depots. FCI maintains many types of depots like food storage depots and buffer storage complexes and private equity godowns and also implemented latest storage methods of silo storage facilities which are located at Hapur in Uttar Pradesh and Elavur in Tamil Nadu.

On the basis of the given information about The Food Corporation of India (FCI), answer the following questions:

(a) How will you classify the Food Corporation of India (FCI) as a form of public sector enterprise?

(b) Why it was necessary for the government to pass the Food Corporations Act 1964 for its formation?

(c) State any three advantages of form of public sector enterprise identified in part (a).