Social Responsibilities of Business and Business Ethics — Business Studies STD 11 Commerce — Question

Define commerce. Discuss its importance in the business world.

Describe briefly any two applications of e-business.

Phoenix Technologies Ltd., have developed such a washing machine through years of research which requires very less water for washing clothes and cleans them without damaging the cloth, as compared to other washing machines presently being sold in the market.
This machine use 3D wash system, whereby there are 3 nozzles to spray water inside the drum while it rotates 360 degree. This facilitates complete dissolving of detergents and deep penetration of detergents into the clothes while washing. During the rinsing stage, the 3D wash system helps better penetration of fresh water in to the clothes, thereby minimizing any detergent traces in the clothes.
This machine is available at a highly competitive price to motivate people from lower middle class to buy it. The company wants to provide information about new features, price, availability and brand name to the maximum potential customers.
On the basis of the given information about Phoenix Technologies Ltd., answer the following questions:
(a) Explain the service facility/aids to trade which the company can utilize to generate maximum sales.
(b) Explain other service facility/aids to trade facilitating smooth movement of goods from the producer to the ultimate consumers.

A, B, C and D are partners in a firm with unlimited liability. But after 1991, A, B and C decided that they did not want to bear unlimited risk. With the consent of D, they made amendments in the partnership deed and changed their liability. Now A, B and C are responsible for the losses only to the extent of the capital invested by them.
On the basis of the given information, answer the following questions:
(a) Name the two types of partnership formed before and after 1991.
(b) State four differences between them.

Discuss the meaning, features and advantages of Consumer Cooperative Store.

Compare tabularly, life insurance, fire insurance, marine insurance and health insurance.

Identify various organizations that have been set up in the country by the government for promoting country's foreign trade.

What is a Memorandum of Association? Briefly explain its clauses.

P.C. Mallappa and Company, which is based in Bangaluru and Mangalore and deals in tiles and sanitaryware merchandise, has filed a suit against McDonalds challenging its right to use the logo. The issue first surfaced in 1994 when the American fast food giant sent a notice to the company accusing it of violating its internationally well-known logo.
Mallappa has moved the Delhi High Court for cancellation of the Macs registered M logo on the premise that the fast food giant has not used its logo since 1991 when it registered it in India. so this invalidates Big Macs claim to exclusivity over the logo. Further, the firm claims that while Big Macs logo was of a single line, its own logo had double lines. Hence, there was no confusion. In its notice to Indian firm, McDonalds Indian lawyer has held that the fast food giant had been using the logo for many years and also been operating a chain of fast food outlets in many countries which came to be known as the Big Mac because of the M logo. Because of the extent of the business, the name Big M is associated with his client in the US and others in the world. It accused Mallappa of using its logo for sanitary goods with malafide intention of imitating its client.
On the basis of the given information about P.C. Mallappa and Company, answer the following questions:
(a) Do you think the Indian lawyer of McDonald's is right in his stand?
(b) Which concept will come to his rescue in order to fight the case against P.C. Mallappa and company?
(c) Explain the advantages that business houses can derive from the above identified concept?