International Business-I — Business Studies STD 11 Commerce — Question

Ethos Ltd., is an authorized retailer selling several luxury watch brands. Every watch that Ethos sells comes with the brand warranty and also places its Ethos stamp. Well trained staff and great looking boutiques ensure that Ethos make shopping for watches an enjoyable and unforgettable experience. Now, Ethos Ltd. with an outlet of watches exclusively for men at Lajpat Nagar, Delhi, is planning to open a branch in Rohini, Sector 13 to meet the increasing demand. It operates with the policy of cash sales and is very particular about the timings of the store.
On the basis of the given information about Ethos Ltd., answer the following questions:
(a) Quoting the lines from the above paragraph, identify the type of fixed shop small retailing business of Ethos Ltd.
(b) Which type of fixed shop large retailing business is Ethos Ltd. planning to engage in? Also, state any two features of the same business.

Two years ago Gopal started manufacturing low fat, sugar free icecream on a
small scale basis in his home town, Vishakhapatnam. After some time his icecream became popular among health conscious young customers and old persons specially those having diabetes or some heart ailment. Because of the popularity of the icecream the demand has increased manifold. Gopal is unable to meet the same, because of his limited managerial ability and limited capital. Gopal also felt that whenever he fell sick his business was temporarily closed. To overcome this problem he decided to admit in the business his friend Mohan who has recently completed his MBA and is ready to invest money for the expansion of the business. Mohan advised Gopal to get their firm registered.
On the basis of the given information about Gopal, answer the following questions:
(a) Enlist three limitations indicated in the above case from which Gopal's business suffered.
(b) Why did Mohan advise Gopal to get the firm registered?

KPSG is specialized in consultancy service. The company makes a software for a reputed bank in USA. It is also specialized in managing the accounts of the bank. To continue this work, KPSG hires professionals like engineers, chartered accountants etc., who are competent in these fields.

On the basis of the given information about KPSG, answer the following questions:

(a) KPSG comes under which kind of industry. Name and explain.

(b) Name and explain other types of industries, other that identified in part (a) above.

Discuss the process involved in securing payment for exports.

Classify internal and external sources on the basis of time.

What is business ethics? Mention the basic elements of business ethics.

Explain any four features of GST.

What do you mean by itinerant traders. Explain any three types of itinerant traders.

Name zones of the Lessors and Lessees in India.

Explain the meaning of mate’s receipt.