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  • 2 answers

Mahesh Oshu 4 years, 11 months ago

If we are doing business and when we are not getting that much of money that we are not able to handle than why we do business. That's why the role of profit in business is important to fulfilled our wishes.

Kanish Handuja 4 years, 11 months ago

It help in increasing the size of a business
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Gaurav Seth 4 years, 11 months ago

In reality, social responsibility receives only lip service. Some business houses fulfill its legal responsibility in the name of social responsibility. There are some factors and reasons which have forced and persuaded business organizations to fulfill their social responsibility which are as follows: 1. Threat of public regulation: India is a democracy where Government is expected to be welfare state. If any business organization acts in a socially irresponsible manner, then an action may be taken against them to safeguard people’s interest. In reality, business houses do not assume their social responsibility on their own but due to threat of public action.  2. Pressure of labour movement: In the last century, labour movement for extracting gains for the working class throughout the world has become powerful. Labour laws are also followed not out of a sense of social responsibility but because of increasing pressure of labour movement.  3. Impact of consumer consciousness: Consumers are also becoming aware of their rights since enactment of Consumer Protection Act, 1986. Under this Act, consumers are entitled to file a case if he is cheated in any ways.  4. Development of social standard for business: As per new social standards, a business is considered to be legitimate only if it fulfills its social responsibilities. No business can be done in isolation with the society. The performance of a business is judged on social standards. 5. Development of business education: Nowadays businessmen are professionally qualified due to changing pattern of form of business. It is also making it socially more responsible. Education has made people more conscious as employees, customers, investors and owners.  6. Relationship between social interest and business interest: Businessmen are able to find that social interest and business interest are correlated. The concept which existed earlier that no business can grow without exploitation of others does not exist any more.  7. Development of professional, managerial class: Professional management is also educated of the benefits it can get by fulfilling its social responsibility. Professional managers are more interested in satisfying a multiple group of interest groups in society for running their enterprises successfully than attaining goal of profit maximization onlyRead more on Sarthaks.com - https://www.sarthaks.com/100765/explain-the-reality-of-social-responsibility

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Gaurav Seth 4 years, 11 months ago

<th>BASIS FOR COMPARISON</th> <th>PUBLIC COMPANY</th> <th>PRIVATE COMPANY</th>
Meaning A public company is a company which is owned and traded publicly A private company is a company which is owned and traded privately.
Minimum members 7 2
Maximum members Unlimited 200
Minimum Directors 3 2
Suffix Limited Private Limited
Start of business After receiving certificate of incorporation and certificate of commencement of business. After receiving certificate of incorporation.
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Yogita Ingle 4 years, 11 months ago

The role of small business in India are as follows:

  1. Major portion in industrial units : About 95% of the industrial units in the country consists of small industries and 40% of the total industrial output is contributed by these industries. 45% of the total exports (direct and indirect) from India are contributed by them.
  2. Low cost of production : The cost of production in these industries is very low. Because of low overhead expenses, both -establishment and running costs are low.
  3. Quick decisions : Small size of the organisations enables the business firms to take quick and timely decisions and to capture new business opportunities at the right time.
  4. Good personal relations : Inherent strengths like adaptability and personal touch enables the small scale industries to maintain good personal relations with both the customers and the employees.
  5. Simple and flexible production techniques : Simple and flexible production techniques are used by these enterprises which make them very much suitable for customized production, which means designing a product according to the tastes, preferences and requirements of the customers.
  6. Second largest employment provider : After agriculture, these industries are the second largest provider of employment in India. As compared to large industries, they generate more number of employment opportunities per unit of capital invested. Hence, these industries are a boon for an overpopulated country like India.
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Yogita Ingle 4 years, 11 months ago

A warehouse is a commercial building for storage of goods. These are used by manufactures, importers, exporters, wholesalers, etc. Usually they are the large buildings located in industrial areas of cities and towns. Warehouses help the businessmen to keep their stocks in safe custody during dull season. In this way, they have created the time utility.
Numerous of functions are performed by warehouses. Such as
(i) Consolidation The warehouse receives and consolidates materials/goods from different production plants and dispatches the same to a particular customer on a single transportation shipment.

(ii) Break the Bulk The warehouse divides the bulk quantity of goods received from the production plants into smaller quantities to be transported according to the requirements of clients to their places of business.

(iii) Stock Piling Goods or raw materials which are not required immediately for sale or manufacturing are stored in warehouse to be made available to business depending on customers demand.
(iv) Value Added Services Provision of value added services such as in transit mixing, packaging and labelling is also a function of modern warehousing. Sometimes goods need to he opened and repackaged and labelled again at the time of inspection by prospective buyers.
Another function of modem warehouses is to grade goods according to quantity and divide goods in smaller lots.
(v) Price Stabilisation Warehousing performs the function of stabilising prices-by adjusting the supply of goods according to demand. Thus, prices are controlled from falling when supply is increasing and demand is slack and from rising in the reverse situation.
(vi) Financing Warehouse owners provide loans to the owners on security of goods and further
supply goods on credit terms to customers.

Rohan Bhagat 4 years, 11 months ago

Warehousing is a usually there is a time gap between production of goods and their ultimate consumpt.
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Sia ? 3 years, 5 months ago

Points of differences Owner’s Capital Borrowed Funds
Meaning The fund invested by the owner as well as an accumulated profit of the business is known as the owner’s fund. Any loan or credit taken by the business unit from other financial institutions is called a borrowed fund.
Time period The owner’s contribution to capital is permanent in nature. It is fixed according to time limit i.e. borrowed for 6 months, 1 year or more.
Sources of Funds Share capital retained earning: Global Depository Receipt, An American depositary receipt. Trade credit, Debentures, Public deposits, The loan from commercial banks
Return policy  There is no right of the owner to get a regular return.  Borrowed fund holder has a right to get a regular return.
Risk  Owner fund security holder has a primary risk. Borrowed fund holders bear no risk. 
Control  The owner is having a full right to control all business activities.  Borrowed fund security holder has no right to control the business activities. 
Security  The owner’s fund needs no security. Generally, business units get a loan or borrow money against the security of assets.
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Abhijot Matharoo 4 years, 11 months ago

Thx alot

Maira Yadav 4 years, 11 months ago

In chapter 2 all topics are covered
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Jitender Saini 4 years, 11 months ago

OK thank you

Jitender Saini 4 years, 11 months ago

What is KPO

Eshaan Gupta 4 years, 11 months ago

It refers to obtaining high-end knowledge work from outside the organization in order to run the business successfully and in cost effective manner
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Shruthi S 5 years ago

Bad debts are possible
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Narender Rajta 5 years ago

Features of equity shares: 1. Primary risk bearers 2.Claim over residual income 3.Basis for loans 4.Higher profit 5.Pre emptive right
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Aditya Gupta 5 years ago

at the last i.e.on mid jan. or the last.

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