Prof. Aakanksha Naikwad

 Forms of business association: (1) Single business (2) Partnership (3) Joint shoulder division (4) Co-operative Societies Q: What is a single trade? Explain its features and pros and cons. Sole Trade: Individual trade or individual trade is the earliest form of business organization, hence the practice of organizing business in a specific way. In a single trading system, a single person performs all the tasks required to raise capital, conduct business and take risks in the business. Such a person is called Sole Trade and the business started by such a person is called 'Sole Trade'. When the efforts and hard work of a single person lead to the organization of a business, that method is called individual trade or individual trade. Only one person is responsible for the profits or losses incurred in this trade. The business can start or close at any time. According to Lewis Huney - "A business is when a single person is the head of the business and is responsible for all t...

Question: Explain tri-regional theory ? Answer:  The commercial sector includes for-profit organizations that produce goods and services. These organizations combine the services of four manufacturing components in the context of production, which are procured from the indigenous sector to ensure smooth running of production. The primary objective of the existing commercial sector is to produce goods to meet the needs and requirements of the domestic consumer sector. The economy generally consists of four high-level sectors, which are then subdivided into smaller sectors. The first of the four higher sectors of the economy is known as the Primary Sector, which includes land-based products such as extraction and harvesting. This area includes agriculture, mines and forests. The second sector after that is the secondary sector which includes areas like process manufacturing and construction. The Tertiary Sector covers various service providers such as retail, entertainment and financ...

  Que : Explain the future of Indian business in the new millennium ? Ans: The following three strategies can be used to study the state of Indian business in the new millennium.  (A) Liberalization (b) Privatization (a) Globalization * Liberalization and Indian Business: Liberalization or economic liberalization is the process of reducing or eliminating economic policies, rules, managerial controls that hinder economic development, and instead adopting policies, rules, procedures and norms for the country that contribute to the country's economic development. Will remove. Liberalization is a very comprehensive, comprehensive term and the country's liberalization policy will benefit Indian business in this way in the future. (i) Industrial Licensing and Quota Raj were abolished. This made it easier to set up a business. (ii) Establishment of public sector business has become easier. (iii) Privatized public enterprises to enhance their efficiency. (iv) Lifting or loosening rest...

  Question: Explain the meaning of MNC and explain the reasons for allowing MNCs in India. Ans: - Multinational Corporation or Transnational Corporation (TNC) or Multinational Enterprise (MNE) is a business unit which operates simultaneously in many countries of the world. In some cases, the manufacturing unit may be in one country, but marketing and investment may be in another. They are different processes and different commodity activities. Japan's Sony, USA's IBM, Germany's Siemens, India's Videocon and ITC These are just some of the popular MNC's. Today, 25% of the world's economy is controlled by the 25 largest multinational corporations (MNC's). In the past, American-based multinational corporations dominated the world. But today many Japanese, Korean, European, Indian multinational corporations have spread their wings in many countries of the world. Before MNCs enter any nation, MNC's head office, who specializes in various fields such as politi...

Industrial Revolution Question. What is the Industrial Revolution?  Explain the consequences of the Industrial Revolution. Answer :   Introduction :  The change in production tools and processes that first began in England and then spread throughout Europe is called the Industrial Revolution. The Industrial Revolution lasted for almost a century from 1750 to 1850. This is why England was first called the "birthplace of the Industrial Revolution". Enthusiastic, courageous, ingenious researchers made various discoveries in England. Newer devices, such as James Watt invented the steam engine and George Stephenson invented the railway engine. His discovery gave a major impetus to the Industrial Revolution in England. The Industrial Revolution that began in England soon spread to Europe. This revolution took place in France and Germany after England. France and Germany made remarkable strides in the fields of iron, steel, and chemical industries, followed by the Netherlands, B...

  Question no. 01) Explain the meaning of industry and the scope of industry ? Answer:  Introduction:                 In the ancient times, people used to exchange their necessities for a long time, giving extra things to the needy person and exchanging the extra but necessary things for him and consuming them for a long time. The service also began to be taken in exchange for goods, in a way that one would give one's goods or services to another and accept food or goods from him in exchange, that is, sell one's goods or services to another and accept food or other goods as its value. Mudra came into existence after some time. Due to the use of mudra, buying and selling transactions became easier. This led to a variety of human activities to create and acquire wealth through buying and selling. Every work was done for the purpose of making money, henceforth it was called "business".            ...