Business, Trade and Commmerce — Business Studies STD 11 Commerce — Question

It was in the early 1970s, when Sh. M.P. Sharma started the journey towards a brighter future. Then the small sweet shop has now flourished into a family owned enterprise which consist of many outlets in Delhi. These outlets serve sweets, and cuisines spanning Indian, Continental, Chinese, South Indian and Regional foods. Mehar Sweets follows the casual dining concept and provides a warm and hospitable ambience in the outlets. Today, Mehar Sweets is a food business group with special ventures focused on Bengali Sweets and Multicusine. During Diwali season this year, the shop owner prepared more Bengali Sweets than he could sell year. He employed women and children for meeting the urgent orders and paid them marginal and limited salary. This way Mehar Sweets generated more than expected profit.

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

(a) Do you think Mehar Sweets is fulfilling all the objectives of business? If not which aspects of this objective are not being fulfilled?

(b) Identify any two values which the company has voilated.

Explain in brief different mail services provided by the post office.

How would you classify business activities?

Azim Premji was 21 when he had to quit his engineering course at Stanford in 1966 because of the death of his father. He took up the challenging task of reorganising and revitalizing the family vegetable oil business, Western India Vegetable Products. Premji quickly introduced the creative and innovative concept of packaging of vegetable oils and expanded the market to rural areas to boost the company's turnover from mere 40 million to 105 million in a record period of five years. Later he expanded Wipro's operations to IT. Premji gives full freedom to his executives to operate. He keeps his company free of any bias and does not favour anybody. In 2001 Azim Premji founded the Azim Premji Foundation - a non-profit organisation to make a significant and long-term contribution to the cause of education in the country.
On the basis of the given information about Azim Premji, answer the following questions:
(a) Identify the different kinds of social responsibility undertaken by Azim Premji by quoting the line.
(b) Identify any two values which have been displayed by Premji?

Mahesh Chandra Sharma operates a iron and steel business for last 25 years. His family is joint and has a lot of ancestral property. All the twenty family members a part of this business. He is the eldest male member in the family so he heads the business. He are a is liable to all the creditors of the business as he is the decision maker. Sharma's grandson was born a few days ago and he is also a member of the business.
On the basis of the given information about Mahesh Chandra Sharma, answer the following questions:
(a) Which form of business is being undertaken by Mahesh Chandra Sharma?
(b) Identify the features of the form of business identified in part (a).

Geeta recently came across an advertisement of portal weight-reducing equipment in the newspaper. The product is being manufactured by a small trader and is available for sale throughout the country by placing an order through the post. The buyer has been given an option of cash on delivery or e-wallets as a payment option.
In the context of the above case answer the following questions:
a. Identify the type of retail trade being described in the above lines.
b. List any five conditions under which it may be considered suitable.

Balaji Transport Company has maintained a fleet of refrigerated transportation vehicles to ensure fresh delivery of Fruits and Vegetables from Nagpur to other parts of country. The consignment is always sent on the most direct route, with fewest transit stops, thereby minimizing the elapsed time and eliminating unnecessary climatic changes Balaji transport company has accident insurance policy for all its vehicles. A truck of the company carrying oranges from Nagpur to Varanasi met with an accident. There was no damage to the oranges but the consignment had to be reloaded in a new truck. Due to the time consumed in unloading and reloading, the oranges got spoiled.

On the basis of given information, answer the following questions:
(a) Will the company get compensation for the loss of oranges from the insurance company? Give reason in support of answer.
(b) Explain the relevant principle of insurance.

Robert has just completed her post graduation in Fashion Designing from a premier institute of designing. Being from a fashion industry, trends of dresses and choices are well known to him. He opened a huge business house for ladies clothing of latest fashion. He is well versed with the trend but does not possess any business experience. His target is to capture not only the national market but also the International. He participated in many fashion shows where his designs were liked by people. He received a bulk export order. But due to negligence of his employees the shipment was rejected and he suffered a huge loss.

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

(a) Identify the cause of business risk by quoting the line.

(b) State causes of business risk other than identified in part (a) above.

Riya is an IT professional based in Bangaluru. Due to her busy schedule, she is not able to go to the market to purchase diwali gifts and home decoratives. Her friend, Raj, suggested her to download an online shopping app which will not only provide huge variety of products at attractive discounts but also offers 24*7shopping. She liked the idea but her neighbour, Mira, cautioned her against such online shopping sites. She shared her own experience where she ordered a blue pair of jeans and was delivered a green one. She told that there are some online forums where consumers warn other consumers about fraud websites. So she should check consumer views before buying goods from any online shopping sites.
On the basis of the given information about Riya, explains the two types of e-Business discussed.

Discuss the merits and demerits of Departmental Undertaking.