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    Business Studies Revision

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    Swapnil Naskar
    Karam Chand formed an organization in Gujarat to promote local craftsmen. The organization allowed craftsmen to voluntarily associate and promote their common economic interests. It helped the craftsmen find markets for their products and had a managing committee elected by members with each member having one vote. The document discusses different forms of business organizations and retail services. It provides cases related to a telecom company's social responsibility and a manufacturer obtaining trade credit.

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    Business Studies Revision

    Uploaded by

    Swapnil Naskar
    49 views2 pages
    Karam Chand formed an organization in Gujarat to promote local craftsmen. The organization allowed craftsmen to voluntarily associate and promote their common economic interests. It helped the craftsmen find markets for their products and had a managing committee elected by members with each member having one vote. The document discusses different forms of business organizations and retail services. It provides cases related to a telecom company's social responsibility and a manufacturer obtaining trade credit.

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    Karam Chand formed an organization in Gujarat to promote local craftsmen. The organization allowed craftsmen to voluntarily associate and promote their common economic interests. It helped the craftsmen find markets for their products and had a managing committee elected by members with each member having one vote. The document discusses different forms of business organizations and retail services. It provides cases related to a telecom company's social responsibility and a manufacturer obtaining trade credit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    49 views2 pages

    Business Studies Revision

    Uploaded by

    Swapnil Naskar
    Karam Chand formed an organization in Gujarat to promote local craftsmen. The organization allowed craftsmen to voluntarily associate and promote their common economic interests. It helped the craftsmen find markets for their products and had a managing committee elected by members with each member having one vote. The document discusses different forms of business organizations and retail services. It provides cases related to a telecom company's social responsibility and a manufacturer obtaining trade credit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    MILESTONE ACADEMY

    BUSINESS STUDIES XI

    REVISION

    1. Karam Chand, in order to promote local craftsmen of Gujarat, formed an organisation wherein the
    persons voluntarily associate themselves to promote common economic interest. The basic purpose of
    this organisation was to help these craftsmen to find market for their products. It had a managing
    committee that was elected on the basis of 'One member, One vote.

    On the basis of the given information, answer the following questions

    (a) Identify the form of business organisation setup by Karam Chand. -

    (b) Explain merits of the identified form of business from part (a).

    (c) State the types of the identified form of business from part (a).

    2. Explain Import procedure in brief.

    3. Why e- business referred to as the emerging modes of business? Discuss its scope.

    4. Sanjana went to a retail shop to buy a perfume. She was surprised by the salesman's behaviour
    towards her. The salesman was so kind to her and showed a concern for her product requirements.
    Sanjana got so impressed with effective display of products and the personal selling efforts of this
    salesman that she purchased a perfume and a fairness kit without any plan to buy it. She also referred
    this salesman to her friends because of his courteous behaviour. Identify and state the services of
    retailer towards consumer highlighted in aforesaid instance.

    5. Staunch Ltd., is a well known company in telecom sector in India. The company is committed to treat
    everyone fairly, with respect and dignity regardless of differences in positions, age, caste, creed, gender
    or otherwise. It endeavors to foster a participatory work environment where trust and confidence
    between team members is spontaneous. It not only abides by all the laws governing in India but is also
    fully committed to achieving and participating in every conceivable way in the progress and integrity of
    the nation. In constantly reviews and revises all its print and electronic promotional materials like,
    advertisements, brochures, etc. to make sure that they are clear, precise and free from any kind of
    misrepresentations. The company remains actively involved in social issues and activities. It maintains
    financial records and follows strict accounting control to ensure effective and efficient utilisation of
    funds, thereby maximising returns to their shareholders. In context of the above case-

    By quoting lines from the paragraph identify the different interest groups towards which the company is
    fulfilling its social responsibility.

    6. Jupiter Ltd., is a well-known manufacturer of sanitary fittings. Recently, company was short of funds
    for meeting its day-to-day expenses. So, the company approached one of its suppliers to grant 60 days
    credit on purchase of raw material. On the basis of creditworthiness of Jupiter Ltd., the supplier granted
    the credit. Identify the source of finance highlighted in the given case. Also, state its four merits.

    7. Explain the various services which is provided by Retailers towards Manufacturers and Customers.

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