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Category Archives: Business Studies

Short Answer Questions Question 1: Explain the concept of public sector and private sector. Answer:  Public Sector: The sector, which includes all those enterprises which… Read More
 Long Answer Questions Question 1: Build up arguments for and against social responsibilities. Answer: The obligation of business to act in a manner which will… Read More
Very Short Answer Questions Question 1: Which year was the MSMED Act passed? Answer: The MSMED Act was passed in the year 2006. The Micro,… Read More
Short Answer Questions Question 1: What is meant by internal trade? Answer: Internal trade is the trade of buying and selling of goods and services… Read More
The phrase intellectual property, sometimes known as IP, refers to the creations of the human mind, exclusive to a single person. Intellectual property includes inventions,… Read More
CBSE Class 12 Syllabus for the 2023-24 academic year has been released by the Central Board of Secondary Education. CBSE Class 12 syllabus includes a… Read More
Exercise 9.2 Long Answer Questions Question 1: How do small-scale industries contribute to the socio-economic development of India? Discuss. Answer: Small-scale industries (SSIs) have been… Read More
What is Investment Decision? Investment decision refers to the decisions that involve the investment of various resources of the firm to gain the highest possible… Read More
Based on Shopping Efforts there are three types of products; namely, Convenience Products, Shopping Products, and Speciality Products.  Convenience Products The products which are purchased… Read More
What is Business? Business is an economic activity that includes activities related to the sales and purchase of goods and services on a regular basis… Read More
Exercise 11.2 Long Answer Questions Question 1: “International business is more than international trade”. Comment.  Answer: It is true that international business is more than… Read More
What is International Business? A person cannot meet all of his requirements using only his available resources. He needs to trade goods and services with… Read More
E-commerce, also known as Electronic Commerce, refers to the purchase and sale of goods and services through the Internet. The first online transaction occurred in… Read More
Who is an Entrepreneur?  People who create and operate their own businesses on a risky basis are called Entrepreneurs. They are inspired by originality, creativity,… Read More
Business Studies(Code No.  66/2/1) Time allowed: 3 hoursMaximum Marks: 80General Instructions: Read the following instructions very carefully and strictly follow them: (i) This question paper… Read More

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