Question

What is the social responsibility of both the companies towards the government?
34. Over the past decade, Aakriti Sharma has been operating a neighbourhood corner shopsellin
necessories such as artificial jewellery, ladies purses, hair clips and nail art. Withth
Increase in demand of fashion products, her product's demand was also rising. So ,sh
decided to set up a bigger unit by attracting capital from the public and makingthe
members in the enterprise. She fulfilled the necessary formalities for this purpose.
On the basis of aforesaid information about Aakriti Sharma, answer the followingquestions:
(a) Identify the type of business organisation Aakriti Sharma has been managing formany years
(b) Explain any two demerits of the organisation identified in part (a).
(o) Identify the type of organisation she wants to venture in,
(d) Explain any two merits of the organisation identified in part (c).​

Answer 1

Answer:

It enables the firm to identify opportunities and getting the first mover advantage instead of losing them to its competitors.

It helps the firm to identify threats and early warning signals which are likely to hinder a firm’s performance and take timely actions.

It helps in tapping useful resources as the enterprise designs policies that allow it to get the resources that it needs so that it can convert those resources into outputs that the environment desires.

It helps in coping with rapid changes as the managers are able to understand and examine the environment and develop appropriate courses of action.

It helps in assisting in planning and policy formulation as its understanding and analysis can be the basis for deciding the future course of action or decision making.

It helps in improving performance of an enterprise through continuous monitoring of the environment and adopting suitable business practices which help to improve both their present and future performance

It helps in improving performance of an enterprise through continuous monitoring of the environment and adopting suitable business practices which help to improve both their present and future performance.

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