Business Services — Business Studies STD 11 Commerce — Question

Kiran is a sole proprietor. Over the past decade, her business has grown from operating a neighbourhood corner shop selling accessories such as artificial jewellery, bags, hair clips and nail art to a retail chain with three branches in the city. Although she looks after the varied functions in all the branches, she is wondering whether she should form a company to better manage the business. She also has plans to open branches countrywide.

On the basis of the given information about Kiran, answer the following questions:
(a) Explain two benefits of remaining a sole proprietor.
(b) Explain two benefits of converting to a joint stock company.
(c) What role will her decision to go nationwide play in her choice of form of the organisation?
(d) What legal formalities will she have to undergo to operate business as a company?

‘Business is essentially a social institution and not merely a profit making activity’. Explain.

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

There is a group discussion taking place in class XI regarding the fact that in
recent years, CSR or Corporate Social Responsibility has become the latest buzzword among the companies. Ravi feels that a business should be socially responsible towards the society it exists in. He suggested that the practice of the corporate in giving back to society in the form of programmes that benefit the less privileged members of society is essential. Corporate can take the form of outreach programmes that adopt schools, communities etc. and provide funds for their upkeep as well as promote socially conscious business practices that lead to the betterment of society. While Rajiv is against Corporate Social Responsibility as basic objective of a business is to earn project.
As a student of Business studies, whom do you think, you will favour? Give reasons in respect of your opinion.

There are various types of cooperative societies, which vary in their nature of activities. Discuss any three such cooperative societies.

Distinguish between wholesalers and retailers.

NourishCo Beverages Ltd., the strategic alliance between Tata Global Beverages and PepsiCo India has plans of delivering healthy beverages for a healthier India. The company is set to disrupt the hydration category in India by delivering enhanced wellness through innovative and affordable ready-to-drink beverages. Science, technology and research forms the foundation of every product in the NourishCo portfolio. The key product of NourishCo Beverages Ltd., is Himalayan Orchard Pure available in three flavors viz., Apple, Straw- berry and Peach. The reasons for this alliances is complementary capabilities and resources such as distribution channels, technology of both the parties.

On the basis of the given information about NourishCo Beverages Ltd., answer the following questions:

(a) Identify the kind of business enterprise formed by Tata Global Beverages and PepsiCo India.
(b) Explain the benefits of the kind of business enterprise highlighted in above case.

What is meant by Joint Hindu Family business? What are its essential features?

What do you understand by social responsibility of business? How is it different from legal responsibility?

Explain the concept of business risk and its causes.