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Answered on 14 Feb CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Katappa Ltd. of India has received an order from Bahubali Ltd. of Sri Lanka for Rs 10,000 Jeans. What... read more
Katappa Ltd. of India has received an order from Bahubali Ltd. of Sri Lanka for Rs 10,000 Jeans. What export procedure will be followed by Katappa Ltd? Explain in detail. read less

Bharat Mishra

Chartered Accountant

Hi Swati, the export procedure has its very own long procedure. I am just giving you a brief explanation here, hoping it will address your query: 1) Bahubali Ltd. firstly will place the order. 2) Katappa Ltd. will send the order list to its sales department for booking and packing. 3) If the sales is... read more

Hi Swati, the export procedure has its very own long procedure. I am just giving you a brief explanation here, hoping it will address your query:

1) Bahubali Ltd. firstly will place the order.

2) Katappa Ltd. will send the order list to its sales department for booking and packing.

3) If the sales is oversee then, Bahubali will prepare a letter of credit from bank.

4) Katappa Ltd. will make its own copy of Invoices and a letter of confirmation shall be dispatched to Bahubali Ltd.

5) Bahubali Ltd. will produce the bill of lading at the dock with invoicing to clear the goods.

6) Goods will be delivered to Bahubali.

7) Once confirmed, Bank will release the payment to Katappa Ltd.

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Answered on 14 Feb CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Kanishka is a student of XI class. She has full knowledge of all characteristics of business. She is... read more
Kanishka is a student of XI class. She has full knowledge of all characteristics of business. She is advising one of his friends that "Business is a bed of roses" So there is no harm in adopting it as a Career. Do you think she is right in saying so? Give Reason. read less

Bharat Mishra

Chartered Accountant

Hi Soujanya, I would rather contemplate saying that a coin has always two sides. On similar lines, Business is a bed of roses but to pluck out the roses you would have to go through the its stab. No business is so easy, A business comes with lots of responsibilities starting from its operation to running... read more

Hi Soujanya, I would rather contemplate saying that a coin has always two sides. On similar lines, Business is a bed of roses but to pluck out the roses you would have to go through the its stab. No business is so easy, A business comes with lots of responsibilities starting from its operation to running it and that requires lots of brain storming. Simply, take an example of a student his business is to study, if he/she does not do brainstorming or study more, he/she wouldn't score good marks. He/She has to undergo rigorous study to either top in class or be topper among friends in respective test. Same is with the business, they also have friends who are called competitors. I hope it will help you in understanding.

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Answered on 14 Feb CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Thomas Cook Ltd. is an organisation which provides packages to tourists for different places around the... read more
Thomas Cook Ltd. is an organisation which provides packages to tourists for different places around the globe. Which kind of business is it doing? read less

Bharat Mishra

Chartered Accountant

Hi Nilam, The answer to your query is "Integrated Travelling Services" in which they offer full tour package to the tourists around the globe starting from flight booking to FOREX, VISA and Insurance related services. Therefore, it comes under Integrated Travelling Services.
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Answered on 14 Feb CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

What is a Departmental store?

Bharat Mishra

Chartered Accountant

Departmental store is the small form of your big malls, similar to malls you can also find here all the stuffs of your daily routine from grocery to clothes etc.
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Answered on 13 Feb CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Ram has set up on enterprises in private sector, his objective is to earn the maximum profit. He says... read more
Ram has set up on enterprises in private sector, his objective is to earn the maximum profit. He says that the will achieve his objective at any rate, even if he has to do any immoral activity. Point out the social values likely to be affected by his approach. read less

Alex Philip

Accounts And Commerce Lecturer

A business is a part of the society. It cannot survive and grow without the support of the society. Business must, therefore, discharge social responsibilities in addition to earning deposits. According to Henry Fayol "The primary aim of business should be service and the subsidiary aim should be earning... read more

A business is a part of the society. It cannot survive and grow without the support of the society. Business must, therefore, discharge social responsibilities in addition to earning deposits. According to Henry Fayol "The primary aim of business should be service and the subsidiary aim should be earning profits". Social objectives of the business are:
1. Supply quality goods at reasonable prices Business is expected to supply quality goods at reasonable prices. It is the social obligation of the business to avoid all malpractices like smuggling, black marketing, hoarding and misleading advertisements which are against business ethics.
2. Fair remuneration to workers: Workers are the major assets of the business. So, they must be given fair remuneration. A reasonable part of profits should be distributed as a bonus and it is the obligation of the business to provide safe and healthy working conditions.
3. Social Welfare: Business should support social, cultural and religious activities. They can build schools, colleges, libraries, hospitals etc. and help the victims of natural calamities. In this competitive world, survival of the business depends on the support of the consumers. So, instead of trying to make profits by adapting malpractices, give importance to the tastes and preferences of the consumers. More than that, all illegal activities will provide benefits only in the short run and not in the long run.

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Answered on 14 Feb CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Do Public sector units need different organisational forms than private sector units. If yes, Why?

T H.

Communications engineer

Yes, public sector undertakings are required to take the forms of government company, departmental undertaking or statutory corporation which is not the case with private sector units.
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Answered on 09 Feb CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Give full form of DIC.

Archna S.

IELTS Trainer

The District Industries Center (DIC) is the institution at the district level, which provides all the services and support facilities to the entrepreneurs for setting up Small and Village Industries with the aim of promoting, facilitating and developing industrial growth.
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Answered on 09 Feb CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Make a list of three limitation of retained profits.

Archna S.

IELTS Trainer

Disadvantages of Retained Earnings: Retained earnings are the result of conservative dividend policy of the company and are associated with following demerits: i. Improper Utilization of Funds: If the purpose for utilization of retained earnings is not clearly stated, it may lead to careless spending... read more

Disadvantages of Retained Earnings:

Retained earnings are the result of conservative dividend policy of the company and are associated with following demerits:

i. Improper Utilization of Funds: If the purpose for utilization of retained earnings is not clearly stated, it may lead to careless spending of funds.

ii. Over-capitalization: Conservative dividend policy leads to huge accumulation of retained earnings leading to over-capitalization.

iii. Lower Rate of Dividend: Retained earnings do not allow shareholders to enjoy full benefit of the actual earnings of the company. This creates not only dissatisfaction among the shareholders but also adversely affect the market value of shares.

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Answered on 09 Feb CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

"I buy and deal in variety of goods, sell them in small quantities and am the last link in the distribution... read more
"I buy and deal in variety of goods, sell them in small quantities and am the last link in the distribution chain." Who am 'I'? What services do 'I' provide to the people from whom buy my goods? Write any two. read less

Riddhi Puri

"I" is the Retailer. Services provided by retailer are: 1. We get variety of products of different brands. Eg. if we wish to buy any soft drink retailer has different brands selling soft drinks like coca cola, pepsi, fanta,etc. 2. Retailers are usually located in convenient localities, near to customer... read more

"I" is the Retailer.

Services provided by retailer are:

1. We get variety of products of different brands. Eg. if we wish to buy any soft drink retailer has different brands selling soft drinks like coca cola, pepsi, fanta,etc.

2. Retailers are usually located in convenient localities, near to customer residence.

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Answered on 10 Feb CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

??Main objective of Business is to earn profit through service ??. Describe the objectives of business... read more
‚??Main objective of Business is to earn profit through service‚??. Describe the objectives of business in the light of this statement. read less

Komal G.

Tutor

Yes to some extent aim of any business is to earn profit but a business also means to explore a thing or a product or a service.
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