CHAPTER 1- CASE STUDIES FOR PRACTICE

MAY 2, 2020
DAY 5


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GOOD MORNING BOYS!

PLEASE SOLVE SOME CASE STUDIES. ANSWERS WILL BE SENT LATER.

Q.1 Three friends Arun, Tarun and Varun are engaged in different types of activities to earn their livelihood. Arun describes his occupation by saying that, "transfer of interest is not possible in case of my occupation and at the same time it does not require any capital investment." Tarun remarks," in my occupation also transfer of interest is not possible, but one needs to possess high degree of specialised knowledge in a particular field." Varun shares that, in his occupation transfer of interest is possible with some formalities and also capital investment is essential.  In context of the above case:
a) Identify the different types of economic activities being described in the above paragraph.
b) Give any three points of difference between them which have not been mentioned in the given paragraph.                            (4)

Q.2 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 needs communication facilities so as to enable publishers, traders and consumers exchange information with one another. He is planning to take a loan of Rs 2 lakh from bank for his business. Morever, he was 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.  (6)

GOD BLESS YOU ALL!



Comments

  1. Good morning ma'am
    Divye Manchanda
    11:A

    ReplyDelete
  2. Arnas Kumar
    11--A
    Roll no .29

    ReplyDelete

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