Small Business — Business Studies STD 11 Commerce — Question

Explain the merits and demerits of public-private partnership.

Enumerate the services of the wholesaler to manufacturer and some general services.

Explain the concept of public sector and private sector.

Mr. Amarjeet Kakkar wants to export Hyderabadi Pearls to Mr. David Tesinsky in Japan. Mr. David Tesinsky has asked for an enquiry regarding this from Mr. Amarjeet Kakkar. Mr. Amarjeet Kakkar sends a reply to this enquiry in the form of a quotation containing details of information about his products.
Mr. David Tesinsky has found the export price and other terms and conditions acceptable, so he prepares an indent containing a description of goods, their price and other important instructions. Once Mr. David Tesinsky sent the export order to Mr. Amarjeet Kakkar.Before exporting goods, it is mandatory for exporters to fulfill certain legal formalities.
Discuss the formalities involved in procuring an export license,

Identify the main documents used in internal trade:
(a) A confirmed purchase order is sent in advance of commercial invoice.
(b) This document contains detailed description of goods quantity, price, total value, term of payment etc.
(c) A document of title issued by the truck operator when goods are sent by the trucks.
(d) A document of title issued by the railway company when goods are sent by trains.

Katherine wants to start a retail business of fashionable items. Change in taste and preferences of customers may result in loss in such type of business. She is hesitating as she is aware of risks which are inherent in every business. She approaches her friend Kristina who is the owner of a retail shop. Kristina advises her to go ahead with her idea as she will get profit as return for undertaking risk. She also told her that some risks in business can be insured by taking insurance policy.

On the basis of the given information about Katherine answer the following questions:

(a) What is Business Risk?

(b) Identify the main features of business risk discussed in the above case. Also quote the lines for the identified feature.

(c) Is change in taste and preferences of customers, pure risk or speculative, Why?

Annaya was doing research on the banking sector for her assignment. While browsing through the website of Reserve Bank of India, she came across a specimen of a type of Hundi which is like any other bearer instrument and is payable to the holder or bearer. In the context of the above case answer the following:
i. What is a Hundi?
ii. Identify the type of Hundi being described above.
iii. Describe briefly any two other types of Hundi.

Explain the four advantages of being a MNC.

www.olx.in, www.quicker.com etc are examples of websites used to conduct business. Dipti’s sofa set got spoiled in rain. Her friend suggested that she should change the fabric so that it looks new and put it for sale on www.olx.com Dipti followed her friend’s advice and got her sofa repaired so that it looks better and uploaded nicely clicked pictures on www.olx.com in without disclosing the fact that it was damaged from inside. She found a customer and sold it for Rs. 9,000. After one week the buyer found the real state of sofa set and called Dipti but she did not answer any of the call.
(i) Name the type of business in above case.
(ii) Which values did Dipti ignore while selling her sofa set ?
(iii) Explain two advantages and disadvantages of e-commerce