Forms of Business Organisation — Business Studies STD 11 Commerce — Question

About 6 billion passengers travel in Indian Railways each year. If anyone of us has traveled they will vouch for the fact that currently the availability of quality food in Indian Trains is something not to be excited about. Travelkhana solves this very problem for the railway passenger.

It offers a variety of choices to a railway passenger so that the passengers can order food as per their liking and at their price point while they are travelling. The Travelkhana automated platform tracks trains in real time across India and ensures that fresh food is delivered to the passenger as per their choice in real time. It also helps vendors and restaurants in terms of effective and efficient fulfillment. Additionally, it completes an entire fulfillment cycle right from the point of ordering to Delivery, Customer feedback and Reconciliation. What is most exciting is that railway passengers are served fresh food thanks to the patented technology behind Travelkhana? Travelkhana was started by Mr. Pushpinder Singh.

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

(a) Identify the types of industry being discussed in above case.

(b) What values are being exhibited by the above business?

Suppose your friend wants to commence business but he finds difficulty in making the choice of form of business organisation. In context to this how would you help him?

"Business is an institution organised and operated to provide goods and valuable services under the incentive of private gain.” Discuss.

Write a short note on WASME.

What are the steps required for raising funds from public?

Explain the concept of entrepreneurship development.

Dhirubhai Chaurasiya operates a textile business. His family is joint and has a lot of ancestoral property. All the 15 family members are a part of this business. He is the eldest male member in the family so he heads the business. He is liable to all the creditors of the business as he is the decision maker. Dhirubhai’s grandson has just born a few days ago and he is also the member of the business. (a) Which form of business is being undertaken by Dhirubhai Chaurasiya ?
(b) Identify the features of this form of business based on the information given.
(c) Textile business is part of which type of industry according to you ?

Insurable interest is a fundamental principle of insurance. When should it be present in case of this is:

1. Life insurance policy.
2. Fire insurance policy.
3. Marine insurance policy.

“Risk is an essential element of a business.” Do you agree? If yes, elaborate the statement with proper reason.

Write a short note on the following:

1. Video conferencing.
2. Voice mail.

Or

1. Which telecommunication is used for two-way audio and video transmission?
2. If someone is not answering your call and you have to convey a message. What can you use in this context?