Social Responsibilities of Business and Business Ethics — Business Studies STD 11 Commerce — Question

Explain different types of small scale retail shops.

Bata stores are networks of retails shops owned and operated by Bata India Ltd. Bata stores operate in different part of country. One can easily identify Bata stores in any market as they have same appearance; even their interior decor is also identical. All the Bata stores are supplied the foot wears from head office. The policies for the stores are decided by the head office. All the store sell goods at uniform prices.
On the basis of the given information about Bata India Ltd., answer the following questions:
(a) State the type of retail store mentioned in above case.
(b) Explain any three advantages of the above retail store

Why is it said that licensing is an easier way to expand globally?

If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.

Clarify the meaning of the terms Entrepreneur, Entrepreneurship and Enterprise.

Compare the status of a minor in a Joint Hindu family business with that in a partnership firm.

India, known as the home of spices, boasts a long history of trading with the ancient civilisations of Rome and China. Today, Indian spices are the most sought-after globally, given their exquisite aroma, texture, taste and medicinal value. India is the world's largest producer, consumer and exporter of spices; the country produces about 75 of the 109 varieties and accounts for half of the global trading in spices.
Top spices produced in the country include pepper, cardamom, chilli, ginger, turmeric, coriander, cumin, celery, fennel, dill seed, garlic, tamarind, clove, and nutmeg among others Major importers of Indian spices are USA, China, Vietnam, UAE, Indonesia, Malaysia, UK, Sri Lanka, Saudi Arabia, and Germany.
On the basis of the aforesaid information about spices, answer the following questions:
(a) Enumerate the two benefits available to the Indian business firms who are engaged in spice export.
(b) How do the different nations engaged in trade of spices stands to gain?

Board of Directors of ‘’Bio Pure water Ltd.’’ decides to set up its first unit in the hilly area of Himachal Pradesh Company requires Rs. 3 crores for it and Rs. 50 Lakhs for working capital. The company has earned marked15% of its profit for Educational and Health needs of its employees and their family members.

(a) The above company comes under which category as per MSMEDAct 2006.

(b) Write any one commercial reason for setting up of unit in the hilly region.

(c) According to you, what are the options available to the company for meeting its long term and short term needs.

(d) what are the values promoted by the company.

[Hints: Small scale Industry, Cheap price of Land and Labour, Equity share Capital and Loans from Bank, Balanced Regional Development, Motivation to employees, Employment Ganeration and upliftment of rural areas]

Why is export promotion necessary?

State the meaning of finance. What factors determine working capital and fixed capita requirements of a business?