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

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?

Mr. Gurcharan Singh Khanna, a resident of India wants to import heavy machinery and equipments from Mr. Jacob Lamb in Italy. As he is a new entrant in international trade.
You are requested to suggest him the various steps of import procedure that he needs to perform before placing an order.

Name the various types of Itinerant Retailers.

Why is business ethics considered important?

Distinguish between private and public VIE warehouses on the following basis:

1. Investment.
2. Risk.
3. Operating cost.
4. Control.

Explain political and legal causes of business risks.

What is the eligibility for startups?

Business ethics have gained great importance in the world of business. In respect to this, state what relevance does ethics have towards business?

Why is the government company form of organisation preferred to other types in the public sector?

Mohan and Radha want to start a shop to sell Rajasthani Sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement.
On the basis of given information, answer the following questions:
(a) Name the document about which the chartered accountant advised Mohan and Radha.
(b) State any four important items they should include in the agreement besides the name, nature and place of business.