Kush Academy

Single Line Stores: These stores deals in general category product lines such as sweet shop, grocery store, garments, medicines etc. They dont have a specific specialization.

Speciality Stores: These stores deals in a particular type of product under one product line such as dairy shop, Jeans shop have all brands of Jeans only. They take advantage of specialization in a particular segment of the market.

The following steps are involved in online trading:

1. Registration: For doing online trading one has to create account with one of the trading service provider. For this user has to register with the provider. This process includes providing personal information, address details. User has to create his credentials (user name and password) to login into account for doing online trading. Credentials secure the account from unauthorized access and transactions from user's account.

2. Placing an Order: Once logged in user can select the desired items and add them into shopping card. Shopping cart maintains records of all items which user wich to purchase. Shopping cart shows following information:

a. Product description (make, model, brand, quantity)

b. Price per item

c. Applicable taxes

d. Any available discount

e. Final cart value It also provide option to remove any item or increase the quantity. When user to checkout i.e. final payment for the selected items, user can make the payment using one of the option:

a. Cash on Delivery.

b. Cheque.

c. Net-banking Transfer.

d. Credit or debit card.

e. Digital cash.

f. Digital Wallet.

Public sector refers to government-owned organizations and government-provided services. Example - ONGC, Indian Railway etc. Private sector refers to:

1) Organizations that are not government owned, and

2) The goods and services provided by organizations outside of the government. For example, companies owned by individuals are part of the private sector. Even the largest corporation with its common stock publicly-traded on the Bombay Stock Exchange is part of the private sector.

The 3 main advantages of international business are discussed below:

1. Employment: When an international business sets up its operations in a country it helps in increasing employment opportunities in the export-oriented industries. Hence it help in improving employment rate.

2. Growth of economy: Underdeveloped and developing countries many times can not utilize its natural resources. They can exploit their unutilised natural resources with the import of technical know how, machinery and equipments from the developed countries. This again ads a new revenue opportunity for both country and international business. Also it brings more employment opportuinities in such countries.

3. Optimum utilization of resources: When international business comes they bring latest technologies which leads to international division of labour and specialisation. It reduces wastage of resources resulting from the production of uneconomic goods. The resources are also used efficiently.

There are 6 features of cottage industries which are as followed:

1. Using simple equipments in the production of goods.

2. using indigenous technology for producing goods.

3. The industries are organised by individuals having private resources.

4. A small amount of capital is invested in the production.

5. Products are produced in their own premises.

6. Industries uses family labour and locally available talent.