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

Mr. Akash Patel is the owner of a business enterprise manufacturing leather bags. He was earning lot of profit and wanted to expand his business. He appointed Sam as his project head. Sam suggested to establish Paper Bags Unit in a Tribal Area as the government had banned plastic bags, since plastic led to pollution. It not only affects human beings but also the animals and nature as a whole. Opening a unit in Tribal area would also generate employment for the people to that area. Akash appreciated him and accepted his proposal. He reinvested his profit in starting this new business. He appointed Harmeet, Albert, and Zaid as heads of Sales, Accounts and purchase departments. (Albert was a differently abled but a very intelligent person).

He paid good salaries and provided good working conditions to his employees. His business earned a good reputation in market in a short span of time.
On the basis of the given information about Akash Patel, answer the following

questions:
(a) Identify three points of role of profit from the above information.
(b) Which objectives of business are being pursue by Akash?
(c) Identify any one value which Akash his trying to communicate to the society

State the types of life insurance policies.

Fabindia is India's largest private platform for products that are made from traditional techniques, skills and hand-based processes. It started as a wholesale export company and has since successfully established itself as a major retail player in the Indian market. Fabindia's first retail store opened in New Delhi in 1976. Today, Fabindia has 196 retail stores across India, two stores in Singapore and one store each in Bhutan, Dubai, Italy, Nepal and Mauritius. Fabindia links over 55,000 craft-based rural producers to modern urban markets, thereby creating a base for skilled, sustainable rural employment, and preserving India's traditional handicrafts in the process. The product range consists of garments for men, women, children and infants; garment accessories; home furnishings - bed, bath, table and kitchen linen, upholstery fabric, curtains, floor coverings; and a range of non-textile products like furniture, lights, lamps and stationery.
On the basis of the aforesaid information about Fabindia, answer the following questions:
(a) Identify the two kinds of trade Fabindia is engaged in.
(b) Differentiate between the two kinds of trade Fabindia is engaged in.

Gurpreet is planning to start a Diagnostic Centre in Ambala. He visits his uncle Mr. Amarnath in Patiala, who is successfully running a Diagnostic Centre for many years, to seek his guidance. Mr. Amarnath tells Gurpreet that the capital needs of his business can be divided into two categories. Firstly, he will need funds to buy land and building, machinery and furniture and fixtures. Secondly, funds Tjvill be required to meet day-to-day operations such as maintaining stocks, bills receivables and for meeting current expenses like salaries, wages, taxes, and rent.
In the context of the above case answer the following:
a. Identify and explain the two types of capital being described above by quoting lines from the paragraph.
b. Briefly outline any two factors that are likely to affect the requirem ents of each of the two types of capital.

Sarthak is dealing in goods on large scale. He buys the goods directly from the manufacturing industries in bulk and supply the same to the shops in the local areas. He is not dealing with the customers directly. He even provides financial support to manufacturer, by providing advance while placing order. Sarthak maintains huge quantity of stock, due to which he has to maintain large amount of capital.
On the basis of the given information about Sarthak, answer the following questions:
(a) Which type of business Sarthak is engaged in?
(b) Name the parties between which Sarthak is acting as a Linking pin.
(c) Discuss the services rendered by Sarthak to any one party identified in part (b).

Explain the usefulness of mail orders houses. What type of products are generally handled by them? Specify.

Write a short note on role of business in environment protection.

What are the markpting problems faced by Small Scale Industries?

Mr. Rajesh Shetty, a resident of India wants to import farm equipments from Mr. Christoph Bert in Germany. He sends a trade enquiry to him for collecting information regarding the export prices and terms of exports. After receiving the trade enquiry, Mr. Christoph Bert prepares a quotation called proforma invoice and sends it to Mr. Rajesh Shetty. Mr. Rajesh Shetty has now received an intimation about the arrival of goods in India. State the various formalities that Mr. Rajesh Shetty have to complete before taking the delivery of goods.

Flame Automotives are producers of cars and mobikes. The company offer a range of varieties in their products due to heavy competition in the market. The company is offering ten different models of cars in the mid size range and five different models of mobikes in 125 cc and another five in 150 cc range. wide
The company uses adequate safety measures for handling machines and equipment. It also provides incentives for better performance of people in the company. The company's policy is to use good quality raw material to provide the best product to the public at fair prices. The company also focus on providing all the material information to its founders.
On the basis of the given information about Flame Automotives, answer the following questions:
(a) Identify by quoting the lines three interest groups towards which Flame Automotives fulfills its social responsibility.
(b) State two other responsibilities of business which is not discussed in the case towards each group identified.