Business, Trade and Commmerce — Business Studies STD 11 Commerce — Question

Discuss the process involved in securing payment for exports.

What is meant by large scale retailing? Mention the most common forms of large scale retailing.

Explain the objectives of business briefly.

Giftease.com aims to make giving gifts as delightful as receiving them! Giftease.com offers a handpicked range of attractive items at great prices, helps to make it easy to find and send a suitable gift for any person, occasion and budget. As a gifting specialist, company provide recommendations to match the personality or occasion, if you are undecided about the perfect gift. With the range of gift wrapping choices, personalization options, fixed-date delivery, and a strong focus on customer care, company make sure that it deliver delight with each order.
Recently the company got an order for 100 units of family collage personalized photo frame from a company for its employees. Giftease.com arranged for the items and delivered them on time but the company returned the whole lot saying that a wrong item had been delivered. Giftease.com had to accept the rejected order back as due to the lack of a proper record of the item selected by the company.
On the basis of the given information about Giftease.com, answer the following questions:
(a) Identify the e-Business risk faced by Giftease.com.
(b) Identify the category of e-Business risk identified in part (a).
(c) Explain the two more risks of the same category identified in part (b).

Kumar has completed his senior secondary examination from Central Board of Secondary Education. After the results had been declared his father asked him what he would like to do in the future. Kumar was undecided and did not answer. His father advised him to start his own business and to pursue his studies through distance learning mode. Kumar reluctantly agreed.
He entered into a partnership agreement with one of his school friend, Gurmeet and his distant Uncle. They decide to start a business of cold drinks with traditional mughlai aroma in a fashionable crowded street of Bengaluru. Because of the novelty of their product their sales increased on daily basis and they earned good profits. But Kumar and Gurmeet are very sad due to sudden demise of their uncle. On suggestion of Kumar's father they decided to admit 13 years old son of their uncle in partnership on 1 January 2018.
On the basis of the given information, answer the following questions:
(a) What is a status of his uncle's son in partnership?
(b) Will his status change after attaining majority?

What is a departmental store?

Mr. Smith is a well qualified dentist with lots of patients. He opened a medical store in partnership with his friend John within the premises of his nursing home. In order to earn money quickly, he started procuring medicines from substandard pharmaceutical companies on which more commission was available. He used to prescribe only those medicines which were available in his medical store.

On the basis of the given information about Mr. Smith, answer the following questions:

(a) Name the economic activity which Mr. Smith is doing as a dentist.

(b) Also, state the type of economic activity done by him with his friend John.

(c) Identify the two values ignored by Mr. Smith.

Compare Departmental Undertaking, Statutory Corporation and Government Company.

Safe Electronics, an European company manufacturing washing machines wish to expand its product line by launching new products in India namely air conditioners and refrigerators. Out of the list of authorised dealers the company selected a twenty five year old, electronic wholesale firm whose proposals was very competitive. This wholesale firm of washing machines took the services of Rohit Enterprises to sell washing machines at competitive prices in Delhi. Rohit informed wholesale firm that the consumers of Delhi wish to buy vacuum cleaner of same brand. He assured wholesale firm that he will take appropriate steps to implement the company's promotional schemes and offers from time to time.
On the basis of the given information about Safe Electronic, answer the following questions:
(a) Explain two services rendered by Rohit Enterprises to wholesale firm which are highlighted in the above case.
(b) Explain two services rendered by Rohit Enterprises to the consumers.

Discuss the features of equity shares as a source of finance.