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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 5 years, 9 months ago

CBSE > Class 11 > Business Studies

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Yogita Ingle 5 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 5 years, 9 months ago

CBSE > Class 11 > Business Studies

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Yogita Ingle 5 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 5 years, 9 months ago

CBSE > Class 11 > Business Studies

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Yaser Siddiquee 5 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 5 years, 9 months ago

CBSE > Class 11 > Business Studies

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Yaser Siddiquee 5 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 5 years, 9 months ago

CBSE > Class 11 > Business Studies

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Yaser Siddiquee 5 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 5 years, 9 months ago

CBSE > Class 11 > Business Studies

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Aradhya Agarwal 5 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 5 years, 9 months ago

CBSE > Class 11 > Business Studies

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Yaser Siddiquee 5 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 5 years, 9 months ago

Padhai kr ky questions puch raha hai

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