Question

Harsh runs an online store dealing in all kinds of household items which he procures from different dealers.whereas his friend lakshay runs an online store which sells all kinds of organic products like spices,pickles,jams etc. these products are produced in his automated manufacturing unit in Kerala .
(a) Identify the two concepts whic define the scope of business activities undertaken by both harsh and lakshay respectively.
(b) Differentiate between the two concepts as identified in part (a) of the question.
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Answer 1

Answer:

Hello my name is also lakshya and my friend name is harsh I explain your question in explanation box

Explanation:

A. The First concept which taken by the harsh and lakshya was to make product which is making items food because food is the most essential thing to survive.

Second concept is to make organic things which is highly recommended in market in very high cost also they manufacturing from kerla is a big strategy

B. The most common different in both is that they manufacturing pickle in kerla because the northen pickle is more consuming than southern

I hope you like my Explanation please follow me also heart on my answer thankyou

Answer 2

The concepts used in the case of Harsh are retailer and manufacturer.

• The given questions can be answered as -

a) The two concepts which define the scope of business activities undertaken by both harsh and Lakshay respectively.

Retailer

1. Harsh owns an internet business where he sells a variety of home goods that he purchases from various merchants.
2. He is a distributor or merchant who buys goods from several vendors and offers them to clients via his internet site.

Producer

1. Lakshay has an internet store where organic goods including jams, pickles, and spices are sold. In Kerala.
2. He has an automated manufacturing facility where these goods are made.
3. He is a producer who uses his manufacturing facility to create products that he then sells straight to consumers via his internet store.

b) The two concepts can be differentiated as -

1. While Lakshay makes his items at his manufacturing facility, Harsh obtains them from other dealers or vendors.
2. Lakshay is a producer who creates things that are sold directly to clients, and Harsh is a retailer who sells items that are purchased from numerous vendors.
3. Lakshay may have a higher profit margin as compared to Harsh

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