Question

The Tata Group, founded by Jamhedji N. Tata in 1868, as a private trading firm. Presently doing business in different segments like steel, automobiles, energy, home care products, etc. The group
is managed by professional managers appointed by the Board of Directors. The business group enjoy global leadership and its main motive is to earn profit and generate wealth. The group is not accountable to the public.
(a) The given case is referring to the working of a private sector enterprise. Name the other sector which is also working in our mixed economy.
(b) In the instant case, the group is not accountable to the public. State to whom the group is accountable.
(c) What is the main aim of public sector enterprises.​

Answer 1

Answer:

Tata Group (/ˈtɑːtɑː/) is an Indian multinational conglomerate holding company headquartered in Mumbai, Maharashtra, India. Founded in 1868 by Jamsetji Tata, the company gained international recognition after purchasing several global companies. One of India's largest conglomerates, Tata Group is owned by Tata Sons.[3][4] It is one of the biggest and oldest industrial groups in the country, founded 153 years ago in 1868. Each Tata company operates independently under the guidance and supervision of its own board of directors and shareholders.