Forms of Business Organisation — Business Studies STD 11 Commerce — Question

"No business is risk free." Do you agree? Justify your answer, mentioning the nature and causes of business risk.

Sanchit, after completing his entrepreneurship course from Sweden returned to India and plans to set up a different type of business of selling standardized cosmetics under the name Cosmos traders by sending catalogues to the local residents of Lucknow and supplying goods to them through courier. He felt that such type of business does not require heavy expenditure on infrastructural facilities. It results in lots of savings to the buyers as well as sellers. The goods were delivered at the doorstep of customers. He is also aware of the fact that in this system, there are more possibilities of misunderstanding and mistrust between buyers and sellers. The receipt and execution of orders will involve long time and delays. On the basis of the given information about Cosmos traders, answer the following questions:
(a) Quoting the lines from the above paragraph, identify the fixed shop large retailing business in which Cosmos traders is engaged in.
(b) Explain any three merits of the type of fixed shop large retailing business identified in part (a).
(c) Explain any two limitations of the above identified business.

In what ways is exporting a better way of entering international markets than setting up wholly owned subsidiaries abroad.

Why is it important to choose an appropriate form of organisation? Discuss the factors that determine the choice of form of organisation.

Star Bazaar ventured into providing an assortment of products made available at the lowest prices, aptly exemplifying its 'Helping you spend less' motto. The store offers customers an eclectic array of products that include staple foods, beverages, health and beauty products, vegetables, fruits, dairy products, consumer electronics and household items at the most affordable prices. Star Bazaar also provides a large range of fashionable in-house garments for men, women and children.
On the basis of the given information about Star Bazaar, answer the following questions:
(a) Identify and explain the type of fixed shop retailing used by Star Bazaar.
(b) Explain two merits and demerits of the fixed shop retailing identified above for Star Bazaar.

What do you understand by a sole proprietorship firm? Explain its merits and limitation?

Write a detailed note on features, structure, objectives and functioning of WTO.

Zen Limited is in the business of manufacturing electric wires which is used for various purposes. One day owing to a short circuit there was fire in the factory a large quantum of raw material was damaged. The company was insured through an appropriate fire insurance policy. However, the receipt of insurance claim wouldtake some time. During this period, the company needs funds amounting to Rupees one crore from external sources to keep the factory active.
Suggest the company the most appropriate sources of raising funds for meeting its requirements.

"Earning of profits is the main objective of a business and other objectives are there to aid it only." Do you agree? Justify your answer.

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