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| SESSION | JULY-AUGUST 2024 |
| PROGRAM | BACHELOR OF COMMERCE (B.COM) |
| SEMESTER | I |
| COURSE CODE & NAME | DCM1104 BUSINESS ORGANISATION |
Set – 1
- Compare sole proprietor and partnership forms of organization. Also, write a note on suitability of partnership form of organization.
Ans 1.
Comparison Between Sole Proprietorship and Partnership Forms of Organization
Definition and Structure
A sole proprietorship is the simplest form of business organization, owned and managed by a single individual. It requires minimal formalities and legal procedures to set up and operate. A partnership, on the other hand, is a business jointly owned by two or more individuals who share profits, losses, and management
- Discuss the incentives given by the government to small scale business in India.
Ans 2.
Introduction to Small Scale Businesses
Small scale businesses (SSBs) play a vital role in India’s economy by contributing to employment, regional development, and export earnings. Recognizing their importance, the Indian government provides various incentives to promote and sustain these enterprises, ensuring their growth and competitiveness
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- Elaborate the essential factors an entrepreneur must evaluate before selecting a business opportunity.
Ans 3.
Understanding the Market Demand
One of the most critical factors for any entrepreneur is assessing the market demand for a product or service. Understanding consumer needs, preferences, and purchasing behaviors helps identify whether there is sufficient demand to sustain the business. Conducting market research, analyzing industry trends, and identifying target customer segments are essential steps in this evaluation process
Set – 2
- Explain the rights of consumer as per the Consumer Protection Act.
Ans 4.
Rights of Consumers as per the Consumer Protection Act
Right to Safety
The Consumer Protection Act grants consumers the right to safety, ensuring that the goods and services they purchase are free from hazards and defects. Manufacturers and service providers are required to adhere to safety standards and provide products that do not pose risks to consumers’ health or well-being. This
- Critically analyze the role of Multinational Corporations in economic development of home and host country.
Ans 5.
Multinational corporations (MNCs) are enterprises that operate in multiple countries, with a centralized headquarters typically located in the home country and operational units spread across host nations. MNCs are significant drivers of globalization, facilitating economic integration and influencing development
- Write short notes on the following:
- All India Manufacturers’ Organization
- Horizontal Business Combinations
Ans 6.
- All India Manufacturers’ Organization
The All India Manufacturers’ Organization (AIMO) is a leading trade and industry association in India, established in 1941 to represent the interests of small, medium, and large-scale manufacturing units across the country. AIMO plays a pivotal role in fostering industrial growth and advocating