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

Apoorvi, from a young age had a deep connection with traditional Indian textiles and craftsmanship. Founder and designer Apoorvi Kher who fulfilled her life long dream of making a career in fashion by leaving her professional life behind and pursued a design programme at the Los Angeles School of Design and Merchandising. Thus, Apoorvi got maximum real world fashion exposure. With her love for these Indian fabrics and her arsenal of fashion knowledge she now intends to glorify these national treasures with her readymade store 'Armaniya'.

'Armaniya' is an initiative to incorporate a perfect mix of latest trends, luxury fabrics, Indian traditional weaves and culture all under one roof. She manages the business along with two employees i.e., salesman and a cashier. She usually takes advice from her father in case of any managerial issue.

Now-a-days, Apoorvi is facing a lot of problem as trends in the field are continually changing, meaning businesses must continually adapt to market demands, this ever-changing market along with strong competition has added to the trouble of declining sales. Furthermore, One day Apoorvi found her cashier doing some embezzlement of cash.

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

(a) Identify the different causes of business risks discussed in the above case. Also quote the lines for the identified cause.

(b) Are the above identified risks pure risk or speculative risk? Give reason in support of your answer.

Priya Plastic Pvt. Ltd. is manufacturing plastic toys for children and earn huge profit. However a research conducted on the toys shows that colour used in manufacturing toys are harmful for the children. When asked, Managing Director admitted that they are using sub-standard colours because they are cheap and economical. However Managing Director assured that the company will use standard colours only after certification from research laboratory. The company will expand its production capacity by employing labour from under privileged section of the society.
On the basis of the given information about Priya Plastic Pvt. Ltd., answer the following questions:
(a) Highlight the social values ignored by the company earlier.
(b) Also, identify the interest group towards which social responsibility is undertaken by the company after assurance given by Managing Director of company by quoting the line.

From social welfare point of view, which type of organization is most desirable from employment generation point of view?

What is digital divide? How is it relevant in context of e-business?

Who is a clearing agent?

How does international trade help in stabilising the prices of a product?

Is registration of partnership firm compulsory? What are the consequences of non-registration?

Explain the features of one person company.

Akshay is a shareholder in a company holding 2,000 shares of ₹10 each on which he has already paid ₹7 per share.
What will be his liability in the event of company's failure to pay debts? Give reason in support of your answer.

You would like to start a business either as a partnership firm or a cooperative society but you are in a state of dilemma and would not be able to choose between them. Then in this case what will you do?