This chapter tells us about the characteristics of business activity, such as economic activity, sale or exchange of goods and services, regularity in dealings, production of goods, profit earning, uncertainty, and risk. The objectives of a business are market standing, innovation, productivity, earning a profit, and others. The solutions for this chapter by Ekal Shiksha have detailed answers.
There are five forms of business organization, sole proprietorship, joint Hindu family business Partnership, joint-stock company, and cooperative societies. In this chapter, we understand in detail each type of business organization. The solutions for this chapter by Ekal Shiksha will help you better understand the topics.
The Indian economy is made up of the public and private sectors. Under the public sector, come departmental undertakings, Statutory corporations, and government companies, and under the private sector, there are sole proprietorships, partnerships, joint hindu family, cooperatives, multinational corporations, and public and private companies. Check out the solutions for this chapter by Ekal Shiksha.
Services can be classified as business services, social services, and personal services. This chapter tells us about business services which are banking, E-banking insurance, communication services, transportation services, and warehousing services. The functions and features of each of these business services are discussed in detail in the chapter. The solutions for this chapter contain answers to all NCERT questions.
This chapter tells us about E-commerce and E-business. We understand the features of B2B commerce, B2C commerce, Intra-B commerce, and C2C commerce. The benefits and limitations of E-business are listed in the chapter. The risks of E-business include transaction risks, data and storage and transmission risks, and risks of threat to intellectual property and privacy. Check out the solutions for this chapter curated by experts at Ekal Shiksha.
There are numerous social responsibilities that a business has to adhere to. Social responsibilities are needed for improving company’s brand ,engaging customer, retaining top talent and helping companies stand out of competition. There are four kinds of social responsibilities that are economic, legal, ethical and discretionary. Refer to the solutions for this chapter by Ekal Shiksha.
This chapter tells us about the formation of a company, the three important steps of this process are promotion incorporation and subscription of capital. The things that need to be taken care of to carry out each of these steps of the process of formation are told about in the chapter. The solutions for this chapter by Ekal Shiksha will help you have clarity of concepts.
Every business needs finance or funds to keep running. The funds, collected by a business are used to fulfil fixed capital requirements and working capital requirements. The sources of funds can be classified on the basis of period, ownership, and generation. In this chapter, we understand the merits and demerits of sources of finance. Check out the solutions for this chapter curated by experts at Ekal Shiksha.
This chapter introduces us to micro, small and medium enterprises. The MSME development act,2006 deals with such businesses. Small business play a major role in rural India by providing jobs to people. The problems associated are finance, raw materials, managerial skills, labour, marketing, quality, technology, global competition, and capacity utilization. Check out the solutions for this chapter by Ekal Shiksha.
This chapter is about internal trade which refers to buying and selling of goods and services within the country’s borders. Internal trade can be classified as wholesale trade and resale trade. The wholesale traders are those which do not sell to end-users. The services of wholesalers include services to manufacturers and retailers. Retail traders are those which sell to end consumers. The solutions for this chapter by Ekal Shiksha contain answers to all NCERT questions.
International business means trading goods and services beyond the country’s boundaries. In this chapter, we understand the difference between international and domestic business. Foreign investment is a new topic introduced in the chapter. The countries and firms both benefit from international business. Check out the solutions for this chapter curated by experts at Ekal Shiksha.