Small Business — Business Studies STD 11 Commerce — Question

Business has various social responsibilities towards different, interest groups. Identity the interest groups towards, which following responsibilities are assumed by business and state one other responsibility for each interest group identified.
(a) Establishing educational institutions for the weaker section of society.
(b) Investing shareholders money to provide them maximum returns on their investment.
(c) Holding regular workshops to train and develop its marketing staff.
(d) Providing good quality and unadulterated goods and services.

Which type of source of finance facilitates the purchase of supplies without immediate payments? State its merits and demerits also.

Airtel outsourced their IT processes to IBM, entire network operations to Ericsson and Siemens along with Alcatel Lucent recently and the transmission towers to another company. This leads to economies of scale accruing to outsourcing partners as the same service is delivered to a number of organisations. This has enabled Airtel not only to earn profit, but has also facilitated inter-organisational knowledge sharing and collaborative learning. It has also stimulated entrepreneurship and provided employment opportunities in our country.
On the basis of the given information about Airtel, answer the following questions:
(a) Which three benefits of outsourcing has been referred above. Also quote the lines from the above para that denote these three benefits.
(b) Identify any two values which the company is trying to communicate to the society.

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.

Founded in 2011 by Bhavish Aggarwal and Ankit Bhati, Ola is one of the world's largest ride-sharing companies. Following is the extract of Corporate Social Responsibility Policy (CSR Policy) of the company.
In accordance with Section 135(5) or the Companies Act, 2013 (the Act) or any amendments thereto, the company is committed to spend at least 2% of its average net profits made during the three immediately preceding financial years in some of the identified (social service) activities that are listed in Schedule VII (as amended) to the Act.
On the basis of the given information about OLA company, answer the following questions.
(a) Identify the type of social responsibility undertaken by it.
(b) State three types of social responsibility other than identified in part (a) above.

Varnika wanted to pitch in to reduce the financial crisis prevailing in her house and thought of working as a cook. She started working in three different households, Punjabi, one Gujrati and one South Indian family. She soon realized that all the three households had different cuisine. It was indeed a challenge for her to learn the techniques of the cuisine. All the families greatly appreciated the timeframe within which she had mastered the local cuisine. After working for them for a year, she decides to open a small eating joint of her own along with two of her friends by the name 'Apna Bhoj'. They decided to share profits and losses equally and that each of them will be liable for acts performed by the other two. Soon the eatery became a hot spot because of the fusion platter which was being offered.
On the basis of the given information, answer the following questions:
(a) Identify the kind of business organisation which was set up by Varnika and her friends.
(b) Quoting the lines from the paragraph, state the features of this form of business organisation.

Mr. Amarjeet Kakkar wants to export Hyderabadi Pearls to Mr. David Tesinsky in Japan. Mr. David Tesinsky has asked for an enquiry regarding this from Mr. Amarjeet Kakkar. Mr. Amarjeet Kakkar sends a reply to this enquiry in the form of a quotation containing details of information about his products.
Mr. David Tesinsky has found the export price and other terms and conditions acceptable, so he prepares an indent containing a description of goods, their price and other important instructions. Once Mr. David Tesinsky sent the export order to Mr. Amarjeet Kakkar.Before exporting goods, it is mandatory for exporters to fulfill certain legal formalities.
Discuss the formalities involved in procuring an export license,

Flavour Mobiles is a leading smartphone brand in the country with numerous accolades under its belt. Company was started in 2009 with an aim to bring the benefits of Smartphone telephony to the masses. Within a short span of time, Flavour has become the brand of choice of the discerning mobile consumer in a country which has one of the fastest growth rates in mobile device consumption. For this purpose company officials interact with different suppliers to get necessary raw material through internet to manufacture its products. Onnext Battery Ltd. is leading supplier of battery to the company. Flavour Mobiles use network of computers to interact with their suppliers. Transactions like placing orders, delivery of components, making payments are done electronically through internet. The company officials finds dealing through internet quiet convenient. Moreover, internet has enabled them to interact with many suppliers from different nations and select the one which offers then required raw material at low price.
On the basis of the given information about Flavour Mobiles, answer the following questions:
(a) Identify the two benefits of e-Business transactions highlighted above by quoting the line from the case.
(b) Explain the two other benefits of e-Business transactions to an organisation.

Point out the four features of a wholesaler.

Differentiate between industry, commerce and trade.