11th Commerce - Book Back Answers - Chapter 16 - English Medium Gudies

 

  

 


    Plus One / 11th Commerce - Book Back Answers - Chapter 16 - English Medium

    Tamil Nadu Board 11th Standard Commerce - Chapter 16: Book Back Answers and Solutions

        This post covers the book back answers and solutions for Chapter 16 – Commerce from the Tamil Nadu State Board 11th Standard Commerce textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

        We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

        By going through this material, you’ll gain a strong understanding of Commerce  Chapter 16 along with the corresponding book back questions and answers (PDF format).

    Question Types Covered:

    • 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
    • 2 Mark Questions: Answer briefly 
    • 3, 4, and 5 Mark Questions: Answer in detail

    All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

    All the best, Class 11 students! Prepare well and aim for top scores. Thank you!

    Chapter 16: EMERGING SERVICE
    BUSINESS IN INDIA


    I. Choose the correct answer

    1. A continuing relationship which provides a licence privileges to do business and provides training, merchandising  for a consideration is called ____________
    a) Franchising
    b) Factoring
    c) Supply Chain Management
    d) Exchange
    Answer Key:
    a) Franchising

    2. Buying and selling of goods through electronic network is known as _____
    a) E-commerce
    b) internet
    c) Website    
    d) Trade
    Answer Key:
    c) Website

    3. An organization carrying out activities to move goods from producer to consumer is

    a) Transport
    b) Logistics
    c) Channels   
    d) Marketing
    Answer Key:
    a) Transport

    4. The main benefit of Logistics is
    a)Productivity
    b) Cost Minimization
    c) Profitability
    d) Storage
    Answer Key:
    b) Cost Minimization

    5. The main benefit of outsourcing is
    a) Productivity    
    b) Cost reduction    
    c) Skill          
    d) Units
    Answer Key:
    b) Cost reduction

    II. Very Short answer questions

    1. Who is a Franchisee?
    • The individual who acquires the right to operate the business or use the trademark of the seller is known as the franchisee.
    2. State two disadvantages of Franchising.
    • Franchising fees
    • Fixed royalty payment
    • Lack of freedom.
    3. What is meant by BPO?
    • BPO means getting contractual services of external companies or group of companies to complete special work or process of a company
    Example:
           i) call  centres,   
           ii)data entry etc.
     
    4. What is meant by Logistics?
    • Logistics can be viewed as a logical extension of transportation and related areas to achieve an efficient and effective goods distribution system.

     

    III. Short answer questions

    1. What are the types of Franchising?
        Product/ trade name franchising:
    •  In this type, the franchisee exclusively deals with a manufacture’s product. Examples include Kidzee, French Loaf outlets, Bharat Petroleum bunks, Patanjali products, etc.
        Business format franchising:
    • When a franchisor awards rights covering all business aspects as a complete business package to the franchisee it is called as business format franchising.

    2. List the steps in factoring process. (any 3)
    • Whenever goods are sold on credit basis, an invoice is raised and a copy of the same is sent to the factor.
    • On the due date, the amount is collected by the factor from the customer.
    • After retaining the service fees, the remaining amount is sent to the firm by the factor.

    3. What is the impact of e-commerce on buyers? (any 3)
    • They could buy the products/services round the clock from anywhere in world
    • Individuals could sell their used products through e – commerce mode with relative ease.
    • Buyers can bargain and negotiate better terms and conditions with respect to buying knowledge products.

    IV. long answer questions

    1. Enumerate the advantages of Franchising. (any 5)  
        Reduced risk:
    • The franchisee will acquire the right of running an already established business, thus eliminating  the risk of starting a new business.
        Business expansion:
    • Franchising provides an opportunity to expand business at regional
        Cost of advertising:
    • The cost of advertising for the franchisor will be reduced since this cost will be shared by the franchisee.
        Operational support:
    • The franchisee is provided assistance in not only obtaining finance, but also in deciding business location,  decor /design, staff training, and handling day to day operations.

    2. Elucidate the features of factoring.
        Maintenance of book-debts:
    • A factor takes the responsibility of maintaining the accounts of debtors of a business institution.
        Credit coverage:
    • The factor accepts the risk burden of loss of bad debts leaving the seller to concentrate on his core business.
        Cash advances:
    • Around eighty percent of the total amount of accounts receivables is paid as advance cash to the client.
        Collection service:
    • Issuing reminders, receiving part payments, collection of cheques form part of the factoring service.
        Advice to clients:
    • From the past history of debtors, the factor is able to provide advices regarding the credit worthines of customers, perception of customers about the products of the client, etc


     


     

     

     

     






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