Internal Trade — Business Studies STD 11 Commerce — Question

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.

Explain the meaning and give any five features of statutory corporation.

Explain any four features of GST.

Cochin Shipyard Ltd. (CSL) is one of the leading shipbuilding and repair yard in India, which has an infrastructure that combines economy, scale, and flexibility, and has ISO 9001 accreditation. The government owns 75% stake in Cochin Shipyard. CSL also has an exclusive area set for offshore construction and future expansion. CSL has been rated excellent by the Government of India, four times in a row for achieving the targets set for the yard under the MOU system With specialised industry knowledge and superior resources, CSL has constantly unfolded new levels of excellence in shipbuilding and ship repair. As a technology leader in India, CSL has adopted the Japanese Integrated Hull Outfitting and Painting System (IHOP) for its new construction, which gives a clear edge to CSL in the field of fabrication of commissioning of accommodation modules and topside modification.

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

(a) How will you classify Cochin Shipyard Ltd. (CSL) as a form of public sector enterprise?

(b) State any three advantages of the type of public sector enterprise identified in part (a).

What are the ethical concerns involved in outsourcing?

What are the services offered by retailers to wholesalers and consumers?

What is business risk? What is its nature?

Briefly explain any four auxiliaries to trade.

Vijay Plastic Pvt. Ltd. are makers of plastic toys for children; earning a huge profit. A research conducted by The Indian Council of Child Welfare on the toys shows that colours used in manufacturing toys are harmful for the children. The test was conducted on toys manufactured by the company and case was filed against Vijay Plastic Pvt. Ltd. for using sub-standard colours. However, managing director assured that the company will use standard colours only after certification from the research laboratory. The company will expand its production capacity by employing labour from unprivileged sections of the society.

On the basis of the given information about Vijay Plastic Pvt. Ltd., answer the following questions:

(a) Specify the type of business activity performed by Vijay Plastic Pvt. Ltd.

(b) Specify the category of type of business activity identified in part (a).

(c) Specify the social value ignored by the company and social value taken into account by the company.

State the features of cottage industries.