Internal Trade — Business Studies STD 11 Commerce — Question

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?

What is business risk? What is its nature?

Giftease.com aims to make giving gifts as delightful as receiving them! Giftease.com offers a handpicked range of attractive items at great prices, helps to make it easy to find and send a suitable gift for any person, occasion and budget. As a gifting specialist, company provide recommendations to match the personality or occasion, if you are undecided about the perfect gift. With the range of gift wrapping choices, personalization options, fixed-date delivery, and a strong focus on customer care, company make sure that it deliver delight with each order.
Recently the company got an order for 100 units of family collage personalized photo frame from a company for its employees. Giftease.com arranged for the items and delivered them on time but the company returned the whole lot saying that a wrong item had been delivered. Giftease.com had to accept the rejected order back as due to the lack of a proper record of the item selected by the company.
On the basis of the given information about Giftease.com, answer the following questions:
(a) Identify the e-Business risk faced by Giftease.com.
(b) Identify the category of e-Business risk identified in part (a).
(c) Explain the two more risks of the same category identified in part (b).

What do you understand by Intellectual Property Rights? Explain.

Designco India is one of the fastest growing handicrafts export company, offering customers every choice in terms of materials like wood, glass, cloth, metal and stone with multiple finishes. Designco provides sophisticated, one-stop-shop solutions to meet the buyer's specific needs and helps to create a platter of offerings. The most important innovators in the handicrafts exports market had recently developed a lot of Brass Chunari This product is considered auspicious during prayer rituals, religious ceremonies and festival celebration while offering prayers to God. Brass Chunari is decorated with multicolored stones, laces, patches, beads, pearls and decorated with brass. The company received an export order of these chunari from a Thai trader, since company has ready stock of brass chunari the other formalities need to be completed before reservation of shipping space.
On the basis of the aforesaid information about Designco India, answer the following questions:
(a) What are the various formalities that need to be completed by Designco before reservation of shipping space?
(b) State the document to be issued by shipping company on the receipt of request for reservation of shipping space.

Explain the objectives of business briefly.

"MNCs are in a position to exercise massive control on an economy." Substantiate.

“E-commerce is giving way to paperless society and government is supporting it.” Substantiate.

"Global enterprises are giant both in size and operations." Substantiate this statement.

Explain the meaning of a government company. In what circumstances, is it a suitable form of public enterprise?