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Learning Poster: Why Decentralisation | Business Studies (BST) Class 12 - Commerce PDF Download

Learning Poster: Why Decentralisation | Business Studies (BST) Class 12 - Commerce

The document Learning Poster: Why Decentralisation | Business Studies (BST) Class 12 - Commerce is a part of the Commerce Course Business Studies (BST) Class 12.
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FAQs on Learning Poster: Why Decentralisation - Business Studies (BST) Class 12 - Commerce

1. What is the significance of organizing commerce in today's economy?
Ans. Organizing commerce is essential for creating an efficient marketplace where goods and services can be exchanged seamlessly. It involves setting up frameworks that govern trade practices, ensuring compliance with regulations, and enhancing consumer protection. An organized commerce structure promotes fair competition, encourages innovation, and ultimately contributes to economic growth.
2. What are the key components of an organized commerce system?
Ans. An organized commerce system typically includes components such as regulatory frameworks, market standards, supply chain management, e-commerce platforms, and consumer protection laws. These elements work together to ensure that businesses operate legally and ethically while providing consumers with quality products and services.
3. How does technology influence the organization of commerce?
Ans. Technology plays a critical role in organizing commerce by enabling efficient communication, streamlining operations, and facilitating online transactions. E-commerce platforms, digital payment systems, and data analytics tools help businesses reach wider audiences, reduce operational costs, and enhance customer experiences, thereby reshaping traditional commerce models.
4. What challenges do businesses face in organizing their commerce operations?
Ans. Businesses often encounter challenges such as regulatory compliance, managing supply chain complexities, adapting to technological changes, and addressing consumer expectations. Additionally, competition from global markets and the need for sustainable practices can complicate how companies organize their commercial activities.
5. How can businesses ensure compliance with commerce regulations?
Ans. Businesses can ensure compliance with commerce regulations by staying informed about legal requirements, implementing internal controls, and conducting regular audits. Engaging legal experts and utilizing compliance management software can also help organizations navigate the complexities of commerce regulations effectively.
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