Business Studies 5 Marks Question

Youth in Assam are driven by a burning desire to become financially independent, and it comes as no surprise that Pranjal Sakia is one such person. This young entrepreneur is not just making a good living, but also creating job opportunities for others. At 32, Saikia, who is based up at Assam's Sivasagar District, belongs to a poor family and the youngest among three siblings. After completing his graduation, he unsuccessfully tried for a government job, and then decided to start his own poultry business with a small investment at his native district, which is bordered by the Naga Hills and Arunachal Pradesh in the south and south-east respectively and the Brahmaputra river in the north. After several years of hard work, his business is thriving financially. Soon after starting the business, Pranjal ventured into piggery with his elder brother Prasanta. Within few year, their farm became very popular and it is now the main supplier of pigs in the area.
What incentives are likely to be made available to him from government for establishing such business?

Perfecto Bamboo Factory is a premier bamboo furniture provider owned by Ajit Shekhar. He has set up his new factory at Kashipur, a small town in Uttrakand for manufacturing quality furniture from bamboo for every room. Ajit Shekhar purchased automated machinery for his new factory and employed people from the nearby villages to work in their factory. Ajit Shekhar ensured that proper sanitation and cleanliness is being maintained in the factory.
On the basis of the given information about Ajit Shekhar, answer the following questions:
(a) Identify and explain the role played by small business in rural India.
(b) State any two incentives given by the government to promote such industries.

When J.K. Rowling wrote the first Harry Potter book, she was poor but she owned the copyright in her book. So, she was the only person allowed to make copies of the book and sell them. Of course, she didn't do this herself. She gave permission to a publishing company to do it in return for payment.
But she didn't just own copyright in the words, she owned copyright in the story and the characters. So, her copyright also meant she was the only person with the right to produce and sell a film of her story. Again, she didn't do this herself. She gave permission of a film production company to make and sell the film in return for payment. Without copyright, anyone else could have printed copies of the book as soon as it was published. And anyone could have copied the film or shown it in cinemas. Those people could have made money from the story without the author benefiting.
On the basis of the given information about J.K. Rowling, answer the following questions:
(a) Which concept has restricted anyone else to use the film or shown it in cinemas?
(b) Explain the advantages that an individual can derive from the above identified concept?

ITC Ltd. challenged Britannia Industries Ltd. for the use of their trade secret of no added sugar and no maida in a range of their biscuits named Sunfeast Farmlite Biscuits. As per the former co, latter co's product Nutrichoice Digestive Zero was also a no added sugar and no maida product and also had a packaging which was deceptively similar to product packaging of Sunfeast Farmlite. Allegedly, both the products were being sold in the colour combination of yellow and blue.
On the basis of the given information about ITC Ltd., answer the following questions:
(a) Which concept of business protection laws can help ITC Ltd. to protect themselves against Britannia Industries?
(b) What is the basic purpose served by the above identified concept?

Youth in Assam are driven by a burning desire to become financially independent, and it comes as no surprise that Pranjal Sakia is one such person. This young entrepreneur is not just making a good living, but also creating job opportunities for others. At 32, Saikia, who is based up at Assam's Sivasagar District, belongs to a poor family and the youngest among three siblings. After completing his graduation, he unsuccessfully tried for a government job, and then decided to start his own poultry business with a small investment at his native district, which is bordered by the Naga Hills and Arunachal Pradesh in the south and south-east respectively and the Brahmaputra river in the north. After several years of hard work, his business is thriving financially. Soon after starting the business, Pranjal ventured into piggery with his elder brother Prasanta. Within few year, their farm became very popular and it is now the main supplier of pigs in the area.
What incentives are likely to be made available to him from government for establishing such business?

Perfecto Bamboo Factory is a premier bamboo furniture provider owned by Ajit Shekhar. He has set up his new factory at Kashipur, a small town in Uttrakand for manufacturing quality furniture from bamboo for every room. Ajit Shekhar purchased automated machinery for his new factory and employed people from the nearby villages to work in their factory. Ajit Shekhar ensured that proper sanitation and cleanliness is being maintained in the factory.
On the basis of the given information about Ajit Shekhar, answer the following questions:
(a) Identify and explain the role played by small business in rural India.
(b) State any two incentives given by the government to promote such industries.

When J.K. Rowling wrote the first Harry Potter book, she was poor but she owned the copyright in her book. So, she was the only person allowed to make copies of the book and sell them. Of course, she didn't do this herself. She gave permission to a publishing company to do it in return for payment.
But she didn't just own copyright in the words, she owned copyright in the story and the characters. So, her copyright also meant she was the only person with the right to produce and sell a film of her story. Again, she didn't do this herself. She gave permission of a film production company to make and sell the film in return for payment. Without copyright, anyone else could have printed copies of the book as soon as it was published. And anyone could have copied the film or shown it in cinemas. Those people could have made money from the story without the author benefiting.
On the basis of the given information about J.K. Rowling, answer the following questions:
(a) Which concept has restricted anyone else to use the film or shown it in cinemas?
(b) Explain the advantages that an individual can derive from the above identified concept?

ITC Ltd. challenged Britannia Industries Ltd. for the use of their trade secret of no added sugar and no maida in a range of their biscuits named Sunfeast Farmlite Biscuits. As per the former co, latter co's product Nutrichoice Digestive Zero was also a no added sugar and no maida product and also had a packaging which was deceptively similar to product packaging of Sunfeast Farmlite. Allegedly, both the products were being sold in the colour combination of yellow and blue.
On the basis of the given information about ITC Ltd., answer the following questions:
(a) Which concept of business protection laws can help ITC Ltd. to protect themselves against Britannia Industries?
(b) What is the basic purpose served by the above identified concept?