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The different kinds of Partners that are found in Partnership Firms are as follows! 1.Active or managing partner: ... 2.Sleeping or dormant partner: ... 3.Nominal or ostensible partner: ... 4.Partner by estoppel or holding out: ... 5.Partner in profits only: ... 6.Minor as a partner: ...

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Advantage of outsourcing. And its limitations ....

Posted by Kanishka Raturi 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 6 years, 9 months ago

Global competitive pressures for higher quality products at lower costs, ever demanding customers and emerging technologies are responsible for the continuing emergence of outsourcing as a mode of business. Need for outsourcing is outlined in the following points
(i) Focused Attention Business firms are realizing that focusing their limited resources on a few areas where they have core competence, and contracting out the rest of the activities to their outsourcing partners can lead to better efficiency and effectiveness.
(ii) Quest for Excellence Outsourcing enables the firms to pursue excellence by virtue of limited focus and also by extending their capabilities through contracting out the remaining activities to those who excel in performing them.
(iii) Cost Reduction It has become necessary for firms operating in global markets to maintain quality of products while keeping prices low. Thus, the only way to survival and profitability is cost reduction. The outsourcing partners deliver the same service to a number of organizations and hence benefit from economies of large scale leading to lower cost.
(iv) Growth through Alliance Investment requirements are reduced when some activities are outsourced. Outsourcing also facilitates inter organizational knowledge sharing and collaborative learning.
(v) Stimulates Economic Development Outsourcing stimulates entrepreneurship, employment and exports in the host countries. e.g., IT sector in India has become undisputed leader as far as global outsourcing in software development and IT-enabled services are concerned having 60 per cent of the global outsourcing share in the informatics sector.
But there are certain limitations of outsourcing as given below
(i) Confidentiality Outsourcing depends on sharing a lot of vital information and knowledge. If the outsourcing partner does not maintain the confidentiality it can harm the interest of the party that outsources its processes.
(ii) Sweat-Shopping Outsourcing firms seek to lower their costs by utilizing the low-cost manpower of the host countries. Moreover, the work that is outsourced is not of the type which may build the competency and capability of the outsourcing partner.
(iii) Ethical Concerns In search of cheap labour, manufacturing processes are being outsourced to developing countries where they use child labour/women in the factories and working conditions are unhygienic and even unsafe. This raises ethical concerns.
(iv) Resentment in the Home Countries The process of outsourcing manufacturing, marketing, research and development or IT-based services involves contracting out jobs or employment opportunities from the home country which causes resentment particularly if the home country is suffering from the problem of unemployment.

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Meaning of FOB ,CFR, CIF.... Plzzz answer fast

Posted by Kanishka Raturi 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 6 years, 9 months ago

FOB - Free On Board

This term means that the seller delivers when the goods pass the ship's rail at the named port of shipment. This means the buyer has to bear all costs & risks to the goods from that point. The seller must clear the goods for export. This term can only be used for sea transport. If the parties do not intend to deliver the goods across the ship's rail, the FCA term should be used.

CFR - Cost and Freight

This term means the seller delivers when the goods pass the ship's rail in the port of shipment. Seller must pay the costs & freight necessary to bring the goods to the named port of destination, BUT the risk of loss or damage, as well as any additional costs due to events occurring after the time of delivery are transferred from seller to buyer. Seller must clear goods for export. This term can only be used for sea transport.

CIF - Cost, Insurance, Freight

The seller delivers when the goods pass the ship's rail in the port of shipment. Seller must pay the cost & freight necessary to bring goods to named port of destination. Risk of loss & damage same as CFR. Seller also has to procure marine insurance against buyer's risk of loss/damage during the carriage. Seller must clear the goods for export. This term can only be used for sea transport.

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Define bank and discus its function

Posted by Ahmad Siraj 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Yaser Siddiquee 6 years, 9 months ago

Bank is an organisation which accepts deposits, leads money and performs other agency funtions. Functions: 1. Primary function 2. Secondary function 3. Electronic banking services

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CPI method

Posted by Deepak Mukati 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Yaser Siddiquee 6 years, 9 months ago

A consumer price index (CPI) measures changes in the price level of market basket of consumer goods and services purchased by households. ... It is one of several price indices calculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation.

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Objective of business

Posted by Sunaina S 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Yaser Siddiquee 6 years, 9 months ago

The main objectives that a business might have are: 1.Survival – a short term objective, probably for small business just starting out, or when a new firm enters the market or at a time of crisis. 2.Profit maximisation – try to make the most profit possible – most like to be the aim of the owners and shareholders. 3.Profit satisficing – try to make enough profit to keep the owners comfortable – probably the aim of smaller businesses whose owners do not want to work longer hours. 4.Sales growth – where the business tries to make as many sales as possible. This may be because the managers believe that the survival of the business depends on being large. Large businesses can also benefit from economies of scale.

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Explain the four causes a memorandum Association

Posted by Soumyadip Adhikary 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Aradhya Agarwal 6 years, 9 months ago

Name clause Object clause Association clause Liability clause Siruation clause

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What r joint stock company

Posted by Kabir Singh 6 years, 9 months ago

CBSE > Class 11 > Business Studies

2 answers

Yaser Siddiquee 6 years, 9 months ago

A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares. Shareholders are able to transfer their shares to others without any effects to the continued existence of the company.

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Harsh Nagar 6 years, 9 months ago

Padhai kr ky questions puch raha hai

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Give relative advantage of statutory corporation over departmental undertaking in respect of efficiency, organisation and control

Posted by Yaser Siddiquee 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Nomissh Gautam 4 years, 10 months ago

Some relative advantages of public corporations over departmental organisation are (i) Funds The funds of public corporations do not come from the central budget. Thus, file government generally does not interfere in their financial matters, including their income and receipts. Whereas in departmental undertaking, the revenue earned by the enterprise goes directly to the government treasury and government have full control over financial matters of the enterprise. (ii) Operations Public corporations enjoy independence in their functioning and a high degree of operational flexibility. Whereas in departmental undertakings, Parliament exercise full control on operations. (iii) Control A public corporation is an autonomous body, enjoys flexibility. Whereas in departmental undertakings, there is excessive centralisation or control.

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Explain the problem of international business

Posted by Prince Jaswal 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Yaser Siddiquee 6 years, 9 months ago

1. Tariff Barriers: Tariff barriers indicate taxes and duties imposed on imports. Marketers of guest countries find it difficult to earn adequate profits while selling products in the host countries. Sometimes, to prevent foreign products and/or promote domestic products, strategically tariff policies are formulated that restricts international marketing activities. Frequent change in tariff rates and variable tariff rates for various categories of products create uncertainty for traders to trade internationally. Antidumping duties levied on imports and defensive strategies create difficulty for exporters. 2. Administrative Policies: Bureaucratic rules or administrative procedures – both in guest countries and host countries – make international (export and/or import) marketing harder. Some countries have too lengthy formalities that exporters and importers have to clear. Unjust dealings to get the formalities/ matters cleared create many problems to some international players. International marketers have to accustom with legal formalities of several courtiers where they wants to operate. 3. Considerable Diversities: Different countries have their own unique civilization and culture. They pose special problems for international marketers. Global customers exhibit considerable cultural and social diversities in term of needs, preferences, habits, languages, expectations, buying capacities, buying and consumption patterns, and so forth. Social and personal characteristics of customers of different nationalities are real challenges to understand and incorporate. Compared to local and domestic markets, it is more difficult to understand behaviour of customers of other countries.

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Name the organisation set up after the passing of a special Act by the Parliament or Legislative Assembly. Point out any five such organisations set up in India

Posted by Yash Chauhan 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Sakshi Sharma??️??️ 6 years, 9 months ago

Statutory corporation

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Demerits of malls

Posted by Salim Siddiqui 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Yaser Siddiquee 6 years, 9 months ago

1. More running cost 2. High prices 3. Huge capital investment 4. Difficult running 5. Situated at distant place

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500shares each share 50 ruppes he paid44 ruppes whAt the liability

Posted by Vivek Bisht 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Sakshi Sharma??️??️ 6 years, 9 months ago

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Today businessmen are more conscious of their social responsibility.Explain why by giving only three reasons

Posted by Zainab Siddiqui 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Aradhya Agarwal 6 years, 9 months ago

Go to the chapter social responsibility of business

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environment pollution can be be linked with the business do you agree with the statement? Give reason in support of your answer and explain the role of business in environment conservation

Posted by Ayush Kumar 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Aradhya Agarwal 6 years, 9 months ago

Yes i agree And the reason you just go to the chapter social responsibility and read the topic business is cordially responsible for the environment pollution

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Neha an exporter entered into a contract for rent of the whole ship to export goods with shipping company. Name the contract entered by neha.

Posted by Jasleen Kaur 6 years, 9 months ago

CBSE > Class 11 > Business Studies

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Nipun is a shareholder in krishna Ltd. holding 500 shares of rs. 50 each on which he has already paid rs.44 per share. What will be his liability in the event of Krishna Ltd. failure to pay debt?

Posted by Jasleen Kaur 6 years, 9 months ago

CBSE > Class 11 > Business Studies

2 answers

Jasleen Kaur 3 years, 10 months ago

Can u plz give me the reason of ur answer that is 6 @ vivek bisht

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Vivek Bisht 6 years, 9 months ago

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Brief explanation about insurance.

Posted by Harsh Chobia 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Yaser Siddiquee 6 years, 9 months ago

an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.

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What is insurance ? What are the type of insurance? Briefly explain??

Posted by Raj Sagar 6 years, 9 months ago

CBSE > Class 11 > Business Studies

0 answers

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Which of the following types of business do you think a partnership firm of organization would be more suitable

Posted by Salima Panjwani 6 years, 9 months ago

CBSE > Class 11 > Business Studies

0 answers

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Difference between GDR & ADR

Posted by Kushagr Gupta 6 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Yaser Siddiquee 6 years, 9 months ago

The important difference between ADR and GDR are indicated in the following points: ADR is an abbreviation for American Depository Receipt whereas GDR is an acronym for Global Depository Receipt. ADR is a depository receipt issued by a US depository bank, against a certain number of shares of non-US company stock, trading in the US stock exchange. GDR is a negotiable instrument issued by the international depository bank, representing foreign company’s stock that is offered for sale in the international market. With the help of ADR, foreign companies can trade in US stock market, through various bank branches. On the other hand, GDR helps foreign companies to trade in any country’s stock market other than the US stock market, through ODB’s branches. ADR is issued in America while GDR is issued in Europe. ADR is listed in American Stock Exchange i.e. New York Stock Exchange (NYSE) or National Association of Securities Dealers Automated Quotations (NASDAQ). Conversely, GDR is listed in non-US stock exchanges like London Stock Exchange or Luxembourg Stock Exchange. ADR can be negotiated in America only while GDR can be negotiated in all around the world. When it comes to disclosure requirements for ADR’s, stipulated by the Securities Exchange Commission (SEC) are onerous. Unlike GDR’s whose disclosure requirements are less onerous. Talking about the market, ADR market is a retail investor market, where the investor’s participation is large and provides a proper valuation of a company’s stock. As opposed to the GDR, where the market is an institutional one, with less liquidity.

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What are the scope of e-banking ?

Posted by Ujjwal Singhal 6 years, 9 months ago

CBSE > Class 11 > Business Studies

2 answers

Tanya Rawat 6 years, 9 months ago

1) B2B Commerce: here both the parties involved in e-commerce transactions are business firms, and hence the name B2B, i.e., business to business. 2)B2C Commerce: as the name implies,B2C(Business-to-customer) transactions have business firms at one end nd it's customers on the other end. 3) Intra-B-Commerce: Here, parties involved in the electronic transactions are from within a given business firm, hence, the name intra-B commerce. 4) C2C Commerce: Here, the business originates from the consumer and the ultimate destination is also consumers, thus the name C2C Commerce.

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Kushagr Gupta 6 years, 9 months ago

Scope of e- Banking : It includes almost all types of business functions, like activities related to production 1. B2B COMMERCE (business to business) 2. B2C COMMERCE (business to customer) 3. C2C COMMERCE (customer to custome)

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