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

What are the benefits of international trade to firms?

Differentiate between insurable risks and non-insurable risks.

Discuss some of the economic functions of transport services.

ITC Ltd. is a Fast Moving Consumer Goods Company (FMCG) the company was founded in year 1790 by Henry Overton Wills. It's current headquarter is in Kolkata. Its currently headed by Y.C. Deveshwar (Chairman) and three executive directors viz., Nakul Anand Dhobale and K. Grant. It is the largest producer of Cigarettes in India with maximum brands of all range. It provides employment to near about 27,000 people. Apart from cigarettes the company is diversified into many other businesses also like hotels, papers, packaged foods, apparels, etc. In the list of world's most reputable companies, ITC positions at number 95. It is the only Indian FMCG company on Forbes Global 2000 ranking. The company is fulfilling its social responsibility by contributing to various programmes like ITC e-Choupal ecosystem, skill camp, vocational training, health camp and sanitation. The group has an account in State Bank of India for its business dealings.

On the basis of the given information about ITC Ltd., answer the following questions:

(a) The working of a successful private sector enterprise is highlighted above. Name and explain the other sector which co-exists with it in the mixed economy.

(b) Identify any two values which according to you can be associated with ITC Ltd.

Even though MoA is an important document of the company, yet is suffers from certain disadvantages. State those disadvantages.

Anuj and Ahmed are partners in a firm. They admit John as a new partner, who is physically challenged. Anuj asked Ahmed and John to get the firm registered. But Ahmed and John didn't agree and said that the registration procedure will involve lot of formalities.
If you are Anuj, how will you convince them to get the firm registered?

Explain the contents of Memorandum of Association.

Differentiate between contract manufacturing and setting up wholly owned production subsidiary abroad.

Radhika is a business woman doing online business of imitation jewellery. Radhika have customers throughout India. Radhika engage in various online transactions and receive orders through email. Customers make payment to Radhika bank account via electronic fund transfer system. Radhika also provide facility to customers to make cash payment on receipt of goods. Time to time Radhika conduct online surveys to know customers' preferences.
Complaints are lodged by the customers at customer complaint number provided to them. Radhika employees can work from anywhere by accessing network using virtual private network technology.
Identify and explain various types of e-Business transactions highlighted above by quoting The line from the case

Which business units are constituted under the tiny sector? This sector enjoys state patronage bilelaager in which areas?