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

Discuss the benefits of international business.

India enjoys a unique global position in terms of production of all commercially useful varieties of silk. India is the second largest producer of silk. With sericulture activities spread across 52,360 villages, the Indian silk industry is one of the largest generators of employment and foreign exchange for the country. The industry provides employment to over 8.25 million people in the country. The silk products exported include natural silk yarns, fabrics, made-ups, readymade garments, silk carpets and silk waste. The top ten importers of Indian silk and silk products were US, UK, China, UAE, Germany, Italy, Canada, France, Singapore and Hong Kong. On the basis of the aforesaid information about silk products, answer the following questions:
(a) Enumerate the two benefits available to the Indian business firms who are engaged in silk export.
(b) How do the different nations engaged in trade of silk stands to gain?

Explain different types of fixed shops under retail trade.

State the different types of economic activities.

Sahara India Pariwar owns many companies. Sahara India Life Insurance Company Limited is the first wholly Indian owned private life insurance company. It offers an exhaustive range of competitive products/plans that caters to everyone from all segments along with prompt and quality customer services and support. Sahara Asset Management Company Pvt. Ltd. is a professional mutual fund house which manages many mutual fund schemes.
On the basis of the given information about Sahara India Pariwar, answer the following questions:
(a) Sahara India Pariwar owns both public and private companies. How is a public company different from a private company?
(b) Give two similarities between company and cooperative society form of business organisations.

The enterprise of Suzuki Motors of Japan and Government of India in early 80's is of astounding success and brought prosperity to the regions and win-win endeavour to all stakeholders. After establishing the affordable small car culture in the low income large target consumer base in India, the enterprise brought substantial revamp in living standard and speed up growth in the developing economy. The credit of this successful enterprise not only goes to the disciplined quality and technological excellence apt for the segment by foreign partner Suzuki but also Government of India spirit of allowing foreign partner a comfortable zone inspite of minority stake for better corporate governance. On the basis of the given information about Suzuki Motors of Japan, answer the following

questions:

(a) Identify the kind of business enterprise formed by Suzuki Motors of Japan and Government of India in early 80's.

(b) Explain any three benefits of the kind of business enterprise highlighted in above case.

List any five major commercial cities of ancient India?

Varnika wanted to pitch in to reduce the financial crisis prevailing in her house and thought of working as a cook. She started working in three different households, Punjabi, one Gujrati and one South Indian family. She soon realized that all the three households had different cuisine. It was indeed a challenge for her to learn the techniques of the cuisine. All the families greatly appreciated the timeframe within which she had mastered the local cuisine. After working for them for a year, she decides to open a small eating joint of her own along with two of her friends by the name 'Apna Bhoj'. They decided to share profits and losses equally and that each of them will be liable for acts performed by the other two. Soon the eatery became a hot spot because of the fusion platter which was being offered.
On the basis of the given information, answer the following questions:
(a) Identify the kind of business organisation which was set up by Varnika and her friends.
(b) Quoting the lines from the paragraph, state the features of this form of business organisation.

Differentiate between:

1. Fixed Capital and Working Capital.
2. Short Term Finance and Long Term finance.
3. Owner's Funds and Borrowed Funds.
4. Internal Sources and External Sources.

Explain the concept of public sector and private sector.