Explain the following term and concept

1. Business:

2. Profession

Distinguish Between
1. Industry and commerce

2. Business and profession

Explain the following term and concept
1. One price shop

2. Departmental store

Explain the following term and concept

1. Small Scale industry

2. Micro Small Scale Business

 1.

2.

Justify the following statement

 1. Small scale industries requires less amount of capital

2. Small scale industries have problems

Attempt the following

1. Benefits of Small Business

2. Importance of Small business

Explain the following term and concept
1. Sole trading Concern

2. Partnership Firm

3. Joint Stock Company

1.

2.
Distinguish Between
1. Private limited company and Public limited company

2. Partnership firm and join Hindu family

Justify the following statement

 1.

2.

Attempt the following

1. Features of joint stock company

Explain the following

1. Multinational Company
2. Government Company

3. Statutory Corporation

4. Private Sector Organzation

5. Public Sector Organization

Explain the following concepts

1. KVIC

2. World Bank

3. Self-Help Groups

Answer in Brief
1. 2 features of SIDBI
2. 2 features of Self Help Groups

3. 4 features of the world Bank

4. Four Objectives of KVIC

5. Four Features of NABAD

Justify the following statement
1. SIDBI acts as an institute for the promotion of MSMEs

2. SHGS plays an important role in manpower of women

3. Mutual trust is the soul of SHG

4. SIDBI acts as an institute for the promotion of MSMEs

Explain the following term

1. Business Environment

2. Privatization
 3. Globalisation

4. Liberalisation

Study the following case study

1.

2.

Distinguish Between
1. Privatization and liberalization
2. Globalization and liberalization
3. Privatization and Globalization
Justify the following statements
1. External factors of business environment are beyond control

2. Social trends provides business opportunities

What is business environment? Explain the importance of business environment

Study the following case study

1.
2.

Distinguish Between
1. Low level management and middle level management

2. Middle level management and low level management

Answer in brief
1. Two point of relationship about management as an art

2. Two point of relationship about management as a science

3. Two point of relationship about management as a profession

Justify the following statement

1. Management is a group oriented action
 2. Management is a continuous process

Answer the following

1. What is management