Small Business — Business Studies STD 11 Commerce — Question

Enlist any four measures through which a business can promote its goodwill in the market?

Balaji Transport Company has maintained a fleet of refrigerated transportation vehicles to ensure fresh delivery of Fruits and Vegetables from Nagpur to other parts of country. The consignment is always sent on the most direct route, with fewest transit stops, thereby minimizing the elapsed time and eliminating unnecessary climatic changes Balaji transport company has accident insurance policy for all its vehicles. A truck of the company carrying oranges from Nagpur to Varanasi met with an accident. There was no damage to the oranges but the consignment had to be reloaded in a new truck. Due to the time consumed in unloading and reloading, the oranges got spoiled.

On the basis of given information, answer the following questions:
(a) Will the company get compensation for the loss of oranges from the insurance company? Give reason in support of answer.
(b) Explain the relevant principle of insurance.

Explain the meaning and advantages of carrying on mail order business.

What functions does insurance perform in context to the modern world of business?

List any five major commercial cities of ancient India?

Explain the services of a wholesaler to a retailer, consumer and general services.

“Foreign trade is not free from difficulties.” Comment.

Business is a part of society. Explain this statement in the context of Social Obligation of Business.

How would you classify business activities?

What is the utility of intellectual property rights in entrepreneurial development?