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Class -12(Chapter -3 Business Enviornment)

Mention the dimension of business environment applicable in following situations:

Situation	Name of environment
1.     The health-and-fitness trend has become popular among large number of urban dwellers. This has created a demand for products like organic food, diet soft drinks, gyms, bottled (mineral) water and food supplements.
2.     The celebration of Diwali, Id, Christmas, and Guru Parv in India provides significant financial opportunities for greetings card companies, sweets or confectionery manufacturers, tailoring outlets and much other related business.
3.     This health-and-fitness trend has  harmed business in other industries like dairy processing, tobacco and liquor.
4.     Even after opening up of our economy in 1991, foreign companies found it extremely difficult to cut through the bureaucratic red tape to get permits for doing business in India. Sometimes, it took months to process even their application for the purpose. As a result these companies were discouraged from investing in our country.
5.     The celebration of Diwali, Id, Christmas, and Guru Parv in India provides significant financial opportunities for greetings card companies, sweets or confectionery manufacturers, tailoring outlets and much other related business.
6.     The advertisement of alcoholic beverages is prohibited.
7.     Money supply in the economy
8.     Advertisements, including packets of cigarettes carry the statutory warning ‘Cigarette smoking is injurious to health’.
9.     The Constitution of the country
10.  Advertisements of baby food must necessarily inform the potential buyer that mother’s milk is the best. All these regulations are required to be followed by advertisers.
11.  Consumer Protection Act
12.  Government provides subsidy in the production of cotton garments.
13.  Composition of family
14.  Customer income is rising. People have developed a taste for better quality products even though they may have to pay more. The aspiration levels have increased.
15.  Airline companies have Internet and World Wide Web pages where customers can look for flight times, destinations and fares and book their tickets online.
16.  The government has also liberalised its economic policies in this regard and permitted even cent percent foreign direct investment in some sectors of retailing.
17.  A  rise in the disposable income of people due to increase in the gross domestic product of a country creates increasing demand for products.
18.  Vicks Vaporub is a popular pain balm. If it is used as a mosquito repellant in some tropical areas due to sheer ignorance, the adverse effects can be very severe.
19.  The slogan of Pepsi Cola “come alive” in some languages is translated as “come out of the grave”. Therefore due to this slogan, the product failed to pick up.
20.  Demand to reserve jobs for minorities and women.
21.  It has become possible to book railway tickets through Internet from home, office etc..
22.  Equal pay to men and women for equal work performed.
23.  High inflation rates generally result in constraints on business enterprises as they increase the various costs of business such as the purchase of raw materials or machinery and payment of wages and salaries
24.  When there is an increase in income of middle class families, there is a continuous demand for various consumer goods and they also influence investment in the corporate sector.
25.  Improvement and innovations which provide new ways of producing goods and services and new methods and techniques of operating a business.
26.  Banking sector reforms have led to easier credit terms and better services.
27.  It is common now to see CD-ROM’s, computerised information  kiosks, and Internet/ World Wide Web multimedia pages highlighting the virtues of products.
28.  In case of construction companies and automobile manufacturers, low longer-term rates are beneficial because they result in increased spending by consumers for buying homes and cars on borrowed money.
29.  The government in Hyderabad is taking keen interest in boosting IT industry as a result the state is most commonly known as Cyberabad instead of Hyderabad
30.  Presence of in women in workforce effected fashion, electronics, cosmetic and food industry

RULES APPLICABLE IN THE ABSENCE OF PARTNERSHIP DEED

 We know  that it is not cumpulsory to have a partnership deed for a partnership firm. Hence if a firm is not having any written agreement or a partnership deed  or if partnership deed is there but it is silent on certain issues the following provisions of the Indian Partnership Act 1932 will be applicable.

1. Profit sharing Ratio : Profits and losses would be shared equally among partners.

2. Interest on capital : No interest on capital would be allowed to partners. If tehre is an agreement to allow interest on capital it is to be allowed only in case of profits.

3. Interest on drawings: No interest on drawings would be charged from partners.

4. Salary:   No salary or commission is to be allowed to partners.

5. Interest on Loan : If apartner has provided any Loan to the firm, he would be paid Interest at the rate 6% p.a. This interest on laon is a charge against profits i.e. it is to be allowed even if there are losses to the firm.

Presentation Mantras for Business Studies Exam

Presentation Mantras for Business Studies Exam

Business Studies is  a scoring subject, but you have to stress on presentation. How you present your answers in answer sheet makes a great difference in marks scored by you in exam. I am not denying the fact that content is important but if you write your answers creatively   , you have more chances of getting more marks.

It is based on fact that Human brain is divided in two halves –the left brain and right brain. Left brain works logically and analytically whereas Right brain works on creativity. Examiners   tend to give more marks to papers which are written correctly and creatively as more of right brain is regulated.

Try these tips for enhancing presentation in Business Studies Exam.

Ø  Try to write answers in points rather than writing long paragraphs

Ø  Even Explanation to points can be divide in to sub points

Ø  Underline important parts and headings of answers or use highlighter or black  pen(do it simultaneously while writing answers, you may not get time later)

Ø  Do write question number clearly and strictly tallying with the question paper.

Ø  Leave one line after every point in answer.

Ø  Diagrams can be drawn to make presentation better.

All the Best

Mamta Narula

DPS Vasant Kunj