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Sridhar is planning to set up a book store in a popular complex in Lucknow. His prime idea of promoting this business is to reinstate the diminishing reading habits among the people of all age groups. The publication of books usually takes place in particular locations Besides, he also a needs communication facilities so as to enable publishers, traders and consumers exchange information with one another. He is planning to take a loan of 2 lakh from bank for his business. Moreover, he will be using facilities of cheque payment, online payment etc. for various transactions. Considering the fact that his business involves various types of risks and must be protected against fire, theft and other risks. Also, material and goods kept in stock or in transit are subject to the risk of loss or damage. At the same time, employees are also required to be protected against the risks of accident and occupational hazards. Furthermore, he needs to inform and persuade the target market about his business so as to promote his business. In context of the above case: (a) Identify the different auxiliaries to trade which Sudhir will require by quoting the relevant lines. (b) Also, mention the type of utility created by each of these auxiliaries to trade as identified in part (a) of the question.

Posted by Chahal 08 1 year, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Sameer Batish 4 months, 3 weeks ago

Sridhar is planning to set up a book store in a popular complex in Lucknow.His prime idea of promoting this business is to reinstate the diminishing reading habits among the people of all age groups. The publication of books usually takes place in particular locations. Besides, he also a needs communication facilities so as to enable publishers, traders and consumers exchange information with one another. He is planning to take a loan of & 2 lakh from bank for his business. Moreover, he will be using facilities of cheque payment, online payment etc. for various transactions. Considering the fact that his business involves various types of risks and must be protected against fire, theft and other risks. Also, material and goods kept in stock or in transit are subject to the risk of loss or damage. At the same time, employees are also required to be protected against the risks of accident and occupational hazards. Furthermore, he needs to inform and persuade the target market about his business so as to promote his business.In context of the above case: (a) Identify the different auxiliaries to trade which Sudhir will require by quoting the relevant lines. (b) Also, mention the type of utility created by each of these auxiliaries to trade as identified in part(a) of the question.

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