NIOS Business Studies 215 Free Solved Assignment [TMA] 2024 – 2025 (English Medium)

NIOS Free Solved Assignment  [TMA] 2024 – 2025

 Business Studies 215 Free Solved Assignment [TMA] 2024 – 2025
Tutor Marked Assignment
Max. Marks: 20

In this article, you will get Business Studies 2015 Free Solved Assignment [TMA] 2024 – 2025. You will solved assignment of other subjects in our page nios solved assignment 2024-2025. 

Note: (i) All questions are compulsory. The marks allotted for each question are indicated against each questions.

(ii) Write your name enrolment number. AI name, and subject on the top of the first page of the answer sheet.

1. Answer any one of the following questions in about 40-60 words.       2

(a) Observe the various modes of transport near your residence and write any two advantages and limitations. (See Lesson-5)

Ans: Answer anyone

(b) Mr. Radha is running a business of heavy machinery and she wants to expand her business to different state. Suggest her most suitable mode of transport with its benefits. (See Lesson-5)

Ans: There are various modes of transportation available such as Road transport, water transport and air transport but there needs to be a complete evaluation of each option. Points to be taken while selecting mode of transport:

a) Cost

b) Time taken

c) Safety of goods

d) Accessibility

e) Flexibility.

Considering the above points, best mode suitable for transportation of heavy goods and machinery are:

a) Road Transport: Road transport are best suitable because of its flexibility and accessibility. Also time taken is less in cash of road because of low formalities.

b) Rail transport: Rail transport of India is the largest nationalized organization of Asia. It is now easily accessible in all the parts of our country. It is economical, safe, and fast as compared to other mode of transport.

2. Answer any one of the following questions in about 40-60 words.       2

(a) Warehousing is one of the important auxiliaries to trade. Explain this statement in about 60 words. (See Lesson-6)

Ans: Answer anyone

(b) You want to transfer money to you grandparents living in different state. What are the various ways available to him for transferring the money?    (See Lesson-6)

Ans: At present there are many options available for transferring money from one state to another or one person to another. Some are traditional and some are new age technology. Some of the popular ways to transfer money from one state to another is given below:

1. Money Order: Money order is the oldest method of transferring money from one state to another. Money order service is provided by Indian Postal Service. A person who wants to send money to another state, pays the amount and some commission at a post office and received a receipt in the name of the person to whom money is to be sent. The amount then delivered in cash by a postal employee to the payee within few days at the address specified by the payer.

2. Postal order: A postal is a type of money order usually intended for sending money through the mail. It is purchased at a post office and is payable at another post office to the named recipient. A small fee is charged by post office for this service.

3. NEFT and RTGS: NEFT and RTGS are two new age technology which is used to transfer money quickly from one account to another account. These are useful if recipient used banking services.  NEFT stands for National Electronic Funds Transfer whereas RTGS is short for Real-Time Gross Settlement.

4. Unified Payments Interface (UPI): Now a day, UPI is the best method to transfer money from one mobile to another mobile quickly. This technique is very simple and can be used by anyone. Even senior citizen is also using UPI system in sending and receiving money.

3. Answer any one of the following questions in about 40-60 words.       2

(a) Besides carrying mail through various means as discussed earlier, post office offers some special services to the business firms. Name any two and explain.  (See lesson-8)

Ans: Special Services Provided by post offices:

(a) Speed Post: Speed post service was introduced on 1st August 1986. Sometimes because of some urgency or to avoid delay we want that our mail should reach the addressee at the earliest. Here post office provides time-bound as well as guaranteed mail delivery through its Speed Post Services. Under this service, letters, documents and parcels are delivered faster i.e., within a fixed time frame.

(b) Registered Post: Sometimes we want to ensure that our mail is definitely delivered to the addressee otherwise it should come back to us. In such situations, the post office offers registered post facility through which we can send our letters and parcels. These mails are handed over to the post office after affixing additional postage as registration charge.

(b) Knowledge Processing Outsourcing industry is entirely different from Business processing outsourcing industry. Do you agree with this statement? Comment.   (See Lesson-11)

Ans: Answer anyone

4. Answer any one of the following questions in about 100-150 words. 4

(a) All business enterprises are engaged in purchasing and selling. Mention what steps are required after an order is executed, as part of the Routine Selling? (See Lesson-12)

Ans: Answer anyone

(b) Do you think that to be a successful salesperson only personal and mental qualities are sufficient? Give reasons in support of your answer.               (See Lesson-16)

Ans: Qualities of a Good salesman:

1. Physical Qualities: Physical qualities include personality health, stamina and tolerance. Physical qualities are essential for creating first impression on customers.

2. Mental Qualities: Mental qualities are most important for every salesperson. These include mainly skill, mental alertness, imagination and self-confidence.

3. Social Qualities: These include social-abilities tact, sound character, and sweet nature.

4. Vocational Qualities: The salesperson should be highly ambitious and enthusiastic. It includes mainly knowledge of product, knowledge of competitive product, training and aptitude.

5. Honesty: Honesty is the best polity in every field. A salesperson should not try to win customers through false and misleading representations.

6. Politeness: A polite and sympathetic salesperson can easily win the trust of his customers.

7. Communication Skills: The success of a salesperson depends on his communication skills. He should clearly communicate what he wants to communicate to his customers.

5. Answer any one of the following questions in about 100-150 words.                  4

(a) In spite of being a convenient method of buying goods, tele shopping is not used by consumers very often. Why? (See lesson-14)

Ans: Answer anyone

(b) A Biscuit company is giving 250 grams Biscuit free with a pack of 500 gm. Name this technique of sales promotion. What is the specific objective of this scheme? Explain two more schemes of Sales Promotion other than this. (See Lesson-16)

Ans: A Biscuit company is giving 250 grams Biscuit free with a pack of 500 gm. This technique of sales promotion is called bonus offer or premium offer.

Premium or Bonus offer: A milk shaker along with Nescafe, mug with Bournvita, toothbrush with 500 grams of toothpaste, 30% extra in a pack of one kg. Are the examples of premium or bonus given free with the purchase of a product? They are effective in inducing consumers to buy a particular product.

Other Sales promotion technique are:

1) Free samples: We might have received free samples of shampoo, washing powder, coffee powder, etc. while purchasing various items from the market. Sometimes these free samples are also distributed by the shopkeeper even without purchasing any item from his shop. These are distributed to attract consumers to try out a new product and thereby create new customers.

2) Coupons: Sometimes, coupons are issued by manufacturers either in the packet of a product or through an advertisement printed in the newspaper or magazine or through mail. For example, 20% off on purchase of 5 kg. Of Annapurna Atta.’ The reduced price under this scheme attracts the attention of the prospective customers towards new or improved products.

6. Prepare any one project of the following projects given below:                            6

(a) Goods may be purchased either by inspecting them personally or on the basis of a sample or pattern examined or on the basis of description or brand name. Mention the methods of sale include sale on hire purchase basis. (See Lesson-12)

(b) Make a list of any four items which are produced in a specific season but used throughout the year and Discuss the need and importance of warehousing to store these items. (See Lesson-21)

Ans: Some goods are seasonal in nature and not available throughout the year. Some examples are:

1. Vegetables (e.g., potatoes, onion)

2. Fruits (e.g., apples, oranges),

3. Clothing (e.g., winter coats, cotton)

4. Christmas (x-mas) Trees

For these kinds of products, warehousing is necessary. Warehousing is necessary because of the following reasons.

(1) Seasonal Production: We know that agricultural commodities are harvested during certain seasons, but their consumption or use takes place throughout the year. Therefore, there is a need for proper storage or warehousing for these commodities, from where they can be supplied as and when required.

(2) Seasonal Demand: There are certain goods which are demanded seasonally, like woolen garments in winters or umbrellas in the rainy season. However, the production of these goods takes place throughout the year to meet the seasonal demand. So there is a need to store these goods in a warehouse to make them available at the time of need.  

(3) Large-scale Production:  In case of manufactured goods, now-a-days production takes place to meet the existing as well as future demand of the products. Manufacturers also produce goods in huge quantity to enjoy the benefits of large-scale production, which is more economical.

(4) Quick Supply: Both industrial as well as agricultural goods are produced at some specific places but are consumed throughout the country. Therefore, it is essential to stock these goods near the place of consumption so that without making any delay these goods are made available to the consumers at the time of their need.

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