Question

Manoj Oswal started a hosiery factory with just two workers, to manufacture inner wears

for men. He tasted success in business and installed new machines and hired more workers

and engaged supervisors. Though his business was expanding he was able to manage the

marketing part of the business. He sold directly to customers and also to retailers in his

city.

About six months back, Manoj admitted two partners into the business to expand the

business further. Both the partners contributed Capital of Rs. 20/ lakh each. Fresh funds

were used to acquire advanced machines and purchase raw-materials and other inputs.

The production has increased five times but difficulties are being faced in marketing

of finished products. The new partners want appointment of wholesalers to distribute the

products though Manoj is not in favour of this idea.

Explain :-

(a) What marketing options are available with the firm?

(b) Should wholesalers be appointed to sell the products? Why? [1½x2=3]

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Answer 1

s:-XI Subject:-Business Studies
Time- 3 hr. M.M-90
General Instructions:-
1. Answer to questions carrying 1 mark may be one word or one sentence.
2. Answer to questions carrying 3 marks may be from 50 to 75 words.
3. Answer to questions carrying 4 or 5 marks may be of about 150 words.
4. Answer to questions carrying 6 marks may be of about 200 words.
5. Answer all parts of a question in the same place.
1. Mention the different kinds of organizations that come under Public Enterprise. [1]
2. Explain unlimited liability of partnership business as one of its features. [1]
3. By what clause in the Memorandum of Association is a Company identified? [1]
4. Define a micro industrial enterprise and micro service enterprise as defined by
MSMED Act, 2006. [1]
5. What is the main advantage of street stall holders? [1]
6. What are the sources of long term finance? [1]
7. What is IEC number? [1]
8. “Different customers have different demands and expectations”, which feature
of services is indicated in the statement mentioned? [1]
9. Mention and explain briefly three limitations of a Mail Order House. [3]
10. “No business is risk free”, in the light of this statement, explain business risk and its
causes. [1+2=3]
11. Differentiate between Memorandum of Association and Articles of Association on the
following basis:
Relationship; Position; Alteration [1x3=3]
12. Explain “perpetual succession” and “Common Seal” features of a joint stock
company. [1½x2=3]
13. Define a Statutory Corporation. Mention any two merits and any two limitations of
Statutory Corporation. [1+½x4=3]