Assignments

Explain the concept of green retailing and its advantages for an organization.

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Introduction Green retailing is a business approach that incorporates environmental sustainability into all aspects of retail operations. It focuses on minimizing the ecological footprint by using eco-friendly products, energy-efficient practices, and sustainable supply chains. This ethical approach not only benefits the environment but also enhances a retailer’s brand image and operational efficiency. Main Body Definition […]

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What is meant by diversity? Highlight its importance at the workplace.

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Introduction Diversity refers to the inclusion of individuals from a variety of backgrounds, cultures, genders, ages, religions, abilities, and other unique characteristics in a shared environment. In the context of the workplace, diversity means employing people from diverse demographic and social backgrounds, contributing to a richer and more productive working environment. Main Body Definition of

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“Due Diligence of vendors is an important and needed part of any business”. Elaborate.

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Introduction Vendor due diligence is a process by which businesses assess and verify the credibility, financial stability, legal standing, and ethical practices of their suppliers or service providers. It is a critical aspect of procurement and supply chain management, ensuring that vendors align with the company’s values and operational standards. Main Body Importance of Vendor

“Due Diligence of vendors is an important and needed part of any business”. Elaborate. Read More »

How does truthfulness and accuracy in retail advertising contribute to consumer trust and long term brand reputation?

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Introduction Retail advertising plays a critical role in shaping consumer perceptions, driving sales, and building brand awareness. Among the key pillars of effective advertising are truthfulness and accuracy. Misleading claims can attract regulatory scrutiny and consumer backlash, while honest messaging fosters lasting relationships and brand loyalty. Main Body Importance of Truthfulness and Accuracy in Retail

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Define dynamic pricing. Discuss the benefits and limitations of the same.

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Introduction Dynamic pricing is a flexible pricing strategy where the price of a product or service changes in real time based on market demand, competition, customer behavior, and other external factors. It is widely used in industries like airlines, hotels, e-commerce, and ride-sharing. Main Body Definition of Dynamic Pricing Dynamic pricing refers to the practice

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Why should there be ethical production? Explain by giving suitable examples.

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Introduction Ethical production refers to manufacturing goods in a manner that respects workers’ rights, environmental sustainability, and consumer safety. It emphasizes fairness, transparency, and responsibility in the entire production process—from sourcing raw materials to final product delivery. Main Body Importance of Ethical Production 1. Protects Workers’ Rights Ethical production ensures that workers are treated fairly,

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Define business ethics. What are the principles of business ethics?

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Introduction Business ethics refers to the application of moral principles and standards to business behavior. It involves evaluating what is right and wrong in a business context and ensuring that corporate decisions benefit all stakeholders—including customers, employees, shareholders, and the community—while maintaining legal compliance and moral integrity. Main Body Definition of Business Ethics Business ethics

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“Mere silence as to facts is not fraud”. Explain with examples.

Leave a Comment / BCOC-133 BUSINESS LAW /

Introduction Fraud, under Section 17 of the Indian Contract Act, 1872, includes acts intended to deceive or to induce another party to enter into a contract. However, the law also provides that mere silence about facts does not amount to fraud, unless it falls within specific exceptions. This principle ensures that parties to a contract

“Mere silence as to facts is not fraud”. Explain with examples. Read More »

“In commercial and business agreements, the presumption is that the parties intend to create legal relations.” Comment.

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Introduction In contract law, one of the essential elements for the formation of a valid agreement is the intention to create legal relations. This principle distinguishes contracts from mere social or domestic arrangements. In commercial contexts, courts generally presume that the parties intend to be legally bound by their agreements. Main Body Intention to Create

“In commercial and business agreements, the presumption is that the parties intend to create legal relations.” Comment. Read More »

Define ‘agent’ and ‘principal’. Can a minor be an agent? Discuss.

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Introduction The relationship between a principal and an agent forms the basis of agency law, governed under Chapter X (Sections 182–238) of the Indian Contract Act, 1872. An agent acts on behalf of the principal, creating a legal relationship with third parties. The law also addresses who can be an agent and whether a minor

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