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Sia ? 5 years, 3 months ago
Public enterprise is a business organization wholly or partly owned by the state and controlled through a public authority.
Lalit Agarwal 5 years, 3 months ago
Posted by Sandeep Singh 5 years, 3 months ago
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Sia ? 5 years, 3 months ago
Causes of business risk-
- Natural causes: Human beings have little control over natural calamities like flood, earthquake, lightning, heavy rains, famine etc. These natural calamities result in heavy loss of life, property and income in the business.
- Human causes: Human causes include such unexpected events as dishonesty, carelessness or negligence of employers, stoppage of work due to power failure, strikes, riots, management inefficiency etc. The employees may hamper the production by going on strikes, riots etc. This can also lead to heavy loss of business condition. There can be price fluctuations in the market, there can be a change in fashion, taste, preferences, and demands of customers
- Economic causes: Economic causes are related to a chance of loss due to change in the market. There can be a change in the degree of competition. All these have a direct impact on the earnings of the business.
Even a change in Government policy affects the business a lot. For example, in 1971 when the Janata government came to power the Coca-Cola Company and many other foreign companies were sent back to India. - Other causes: These are unforeseen events, such as political disturbances, mechanical failures such as the bursting of boiler, fluctuations in exchange rates etc. which lead to the possibility of business risks.
Posted by Bobita Shrestha 5 years, 3 months ago
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Sia ? 5 years, 3 months ago
| Meaning | Private Sector Industries are owned by individual investors. These are managed by private organisations. In capitalist countries, industries are generally owned by private people. | Public Sector Industries are owned and managed by governments. In India, there were a number of Public Sector Undertakings (PSUs). Socialist countries have many state owned industries. Mixed economies have both Public and Private sector enterprises.. |
| Example | Reliance Industries Limited | Bharat Heavy Electronics Limited. |
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Sia ? 5 years, 3 months ago
A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
Posted by Sharad Jaiswal 5 years, 3 months ago
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Gaurav Seth 5 years, 3 months ago
(1)Two or more individuals or enterprises, either private or government, owned or a foreign company joining together through participation in equity capital for achieving a common target and mutual benefit is known as joint venture.
(2)Joint venture involves pooling of resources and expertise as well as sharing of risks and rewards by these enterprises.
(3)These enterprises agree to join together for the expansion of business, development of new products or for penetrating into new foreign markets.
(4)Joint ventures are formed either for long-term projects or for short-term projects.
(5)The basic purpose of joint ventures is to attain a strong position for both the enterprises.
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Gaurav Seth 5 years, 3 months ago
Sole proprietorship will be more suitable for beauty parlour because:
- It has easy formation and closure.
- It needs limited resources.
- He will be sole risk bearer which is not so high and profit recipient.
- He will have 100% control.
- personal services.
For chartered accountancy firm, partnership firm will be more suitable because it has:
- Ease of formation and closure
- Balanced decision making
- More funds
- Sharing of risks
- Maintain secrecy
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Yogita Ingle 5 years, 3 months ago
A Sole proprietorship can be explained as a kind of business or an organization that is owned, controlled and operated by a single individual who is the sole beneficiary of all profits or loss, and responsible for all risks. It is a popular kind of business, especially suitable for small business at least for its initial years of operation. This type of businesses is usually a specialized service such as hair salons, beauty parlors, or small retail shops.
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Sia ? 5 years, 3 months ago
Notes are available here : https://mycbseguide.com/cbse-revision-notes.html
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