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Chapter 3 : Private, Public and Global Enterprises


At Saralstudy, we are providing you with the solution of Class 11 Business Studies Private, Public and Global Enterprises according to the latest NCERT (CBSE) Book guidelines prepared by expert teachers. Here we are trying to give you a detailed answer to the questions of the entire topic of this chapter so that you can get more marks in your examinations by preparing the answers based on this lesson. We are trying our best to give you detailed answers to all the questions of all the topics of Class 11 Business Studies Private, Public and Global Enterprises so that you can prepare for the exam according to your own pace and your speed.

Exercise 1 ( Page No. : 80 )
Q:
A:

1. (b) 51 per cent
2. (c) headquarters
3. (b) government
4. (c) BIER
5. (a) sale of equity share of private sector/public


Exercise 2 ( Page No. : 80 )
Q:
A:

Public Sector Enterprises (PSEs) are businesses owned, controlled, and managed by the government to achieve social and economic objectives. Examples include ONGC and BHEL.


Exercise 2 ( Page No. : 80 )
Q:
A:

A joint venture involves two or more parties collaborating to achieve specific business goals, sharing risks, profits, and losses. It is based on mutual agreement and typically has a limited timeframe.


Exercise 2 ( Page No. : 80 )
Q:
A:

A global enterprise, or multinational corporation (MNC), operates in multiple countries, leveraging global markets and resources. Examples include Google, Apple, and Nestlé.


Exercise 2 ( Page No. : 80 )
Q:
A:
  • Public Sector Enterprises play a crucial role in India’s economic development by:
    • Providing Employment: PSEs employ millions, directly and indirectly.
    • Industrial Development: Establishing industries in backward regions to promote equality.
    • Revenue Generation: Significant contributors to the government’s revenue through taxes and dividends.
    • Infrastructure Growth: Development in transportation, energy, and communication sectors.
    • Social Welfare: Focus on essential goods and services for the masses at affordable rates. Despite their benefits, PSEs face challenges like inefficiency and financial losses, requiring better management practices.

Exercise 2 ( Page No. : 80 )
Q:
A:
  • Characteristics:
    • Large-scale operations across countries.
    • Advanced technology and innovation.
    • Professional management with diverse expertise.
    • Access to international markets and resources.
    Benefits:
    • Contribution to GDP by generating foreign exchange.
    • Technology transfer to developing economies.
    • Job creation across countries.
    • Promoting international trade and cultural exchange.

Exercise 2 ( Page No. : 80 )
Q:
A:
  • Ownership: Public enterprises are government-owned; private enterprises are owned by individuals or groups.
  • Objective: Public enterprises aim for social welfare, while private enterprises prioritize profit.
  • Control: Public enterprises are controlled by government policies, while private enterprises operate independently.
  • Accountability: Public enterprises are accountable to the government and public, whereas private enterprises report to their shareholders.

Exercise 2 ( Page No. : 80 )
Q:
A:
  • Joint ventures have gained relevance due to:
    • Risk Sharing: Partners share financial and operational risks.
    • Access to Resources: Combining resources like technology and expertise enhances efficiency.
    • Market Expansion: Partners leverage each other’s market reach to enter new regions.
    • Legal and Regulatory Advantages: Collaborating with local firms helps in navigating legal and cultural challenges.
    Examples:
    • Maruti Suzuki: A successful collaboration between Maruti (India) and Suzuki (Japan).
    • Tata Starbucks: Partnership between Tata Group and Starbucks for the Indian market.
    Joint ventures are particularly significant for entering competitive global markets or sectors requiring high investment.

Exercise 2 ( Page No. : 80 )
Q:
A:
  • Public-Private Partnerships combine the resources and efficiency of the private sector with the social objectives of the public sector.
    • Evolution: PPPs gained traction in India in the late 1990s to meet infrastructure deficits and improve public services. Projects like airports, metro systems, and highways are key examples.
    • Importance:
      • Infrastructure Development: Accelerates projects like roads, ports, and power plants.
      • Risk Distribution: Shares financial and operational risks between the public and private sectors.
      • Quality Services: Leverages private sector efficiency to deliver superior public services.
      • Economic Growth: Promotes investment and boosts employment opportunities.

Exercise 2 ( Page No. : 80 )
Q:
A:
  • Challenges:
    • Inefficiency: Lack of competition leads to low productivity.
    • Overstaffing: Excess manpower increases operational costs.
    • Political Interference: Impacts decision-making and profitability.
    • Technological Backwardness: Inability to adopt modern practices.
    Measures for Improvement:
    • Privatization: Selling stakes to private players can enhance efficiency.
    • Professional Management: Appointing experts for better decision-making.
    • Modernization: Investing in technology and training.
    • Autonomy: Reducing bureaucratic interference to promote innovation.
    Public enterprises must strike a balance between achieving social goals and maintaining financial sustainability.

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