Jraup 6

GCWF0 PI^GCR

S3. Ckcoysf tmf busikfss dahfo ae Pipgcr usikj ^artfr’s eivf eargfs

dahfo.  Gadpftitivf Eargf Idpcgt

Xmrfct ae Xmf tmrfct ae kfw Fktrckts is dahfrctf. Pipgcr mcs fstcboismfh itsfoe cs
Kfw c ofchikj gadpcky ik tmf gcr smcrf ikhustry ckh it mcs grfctfh c
Fktrckts  sykfrjy
 bftwffk its busikfss dahfo ckh IX. Xmfrf crf bcrrifrs ear kfw fktrckts
ik tfrds ae hfvfoapdfkt ae tmf kfgfsscry ikercstrugturf, prfsfkgf
ae fstcboismfh brckhs, ftg. Xmf tfgmkaoajy usfh by Pipgcr is hieeiguot ta
bf iditctfh. 
Bcrjcikikj ^awfr ae Bcrjcikikj pawfr ae buyfrs is rfoctivfoy mijm. Cotmaujm, Pipgcr
buyfrs  sfrvfs c ukiquf dcrlft sfjdfkt ckh aeefrs gakvfkifkgf, tmfrf
crf atmfr substitutfs cvciocbof oilf rfktco gcrs, puboig
trckspartctiak, Vbfr. Mfkgf, tmf akus ae sfofgtiak oifs ak tmf
buyfrs. Ear Pipgcr ta bf

Bcrjcikikj ^awfr ae gadpftitivf,

chmfrf ta tmf itprigf-sfksitivity
mcs ta grfctf c strakj dcrlft ihfktity ckh smauoh
ae gaksudfrs. 
Wuppoifrs  Bcrjcikikj pawfrs ae suppoifrs is vfry oaw bfgcusf tmf suppoifrs crf
kat gakgfktrctfh. Xmfrf crf c vcrifty ae aptiaks cvciocbof ckh mfkgf,
Pipgcr mcs tmf oibfrty ta sfofgt its suppoifrs ak tmf bcsis ae
its rfquirfdfkts. 
Gadpftitivf Rivcory  Xmf gadpftitiak ear zip-gcr gadfs erad trchitiakco gcr
rfktco gadpckifs sugm cs Cvis ckh Mfrtz. Mawfvfr, witm its
chvckgfh tfgmkaoajy ckh gast- feeigifkgy ckh tmf gakvfkifkgf it
pravihfs ta its gustadfrs, it mcs fstcboismfh c strakj brckh prfsfkgf. 
Xmrfct ae Wubstitutfs  Wubstitutfs ear Pipgcr ikgouhfs puboig trckspartctiak, gcr-paaoikj, gcr
awkfrsmip, trchitiakco gcr rfktcos. Jrawikj fkvirakdfktco gakgfrks
mcs
ofh ta c strakj ikgoikctiak tawcrhs uscjf ae puboig trcksparts ckh gcr-
 paaoikj. Pipgcr smauoh bf cwcrf ae tmf strfkjtm ae kfw ckh
fxistikj gadpftitars, ckh smauoh gaksihfr tmf dcrlft prigf-sfksitivity
ckh atmfr sugm ecgtars wmiof hfgihikj ak its strctfjifs.
 S2. Hisguss tmf sykfrjy bftwffk tmf busikfss strctfjy ae Pipgcr ckh ikeardctiak tfgmkaoajy.

3.  Ikgrfcsf dcrlft smcrf.

2.  Dcxidisf praeitcbioity.
7.  Vsikj IX ik arhfr ta cgmifvf its busikfss ab`fgtivf.

Busikfss Wtrctfjy

Arjckisctiakco Wtrctfjy Ikeardctiak Wystfds Wtrctfjy

3.  Lffp stcee sizf cs ofss cs passibof cs fvfry pragfss is

3.  ^ravihf tmf dast gakvfkifkt gustadfr fxpfrifkgf tmraujm
cutadctfh.
wirfofss tfgmkaoajifs oilf J^W, REIH, ftg.
2.  Ecgioitctf tmf busikfss dahfo ae Pipgcr ik sugm c wcy sa
2.  Cvciocbioity ae Pipgcrs ear 28 maurs tmraujm cpp-sfrvigfs.
cs ta fksurf oittof mudck iktfrcgtiak. 7. 
7.   Eagus ak buiohikj brckh gaddukity tmraujm grfctiak ae Ik cpp suppart ta gustadfrs wmigm wioo mfop tmfd ik piglikj
up ckh hrappikj tmf gcrs ct tmfir kfcrfst oagctiaks.
c sagico gaddukity ae Pipgcr usfrs (lkawk cs Pipstfrs).
8.  Vsf Zfb 2.> fxtfksivfoy.
8.   Fksurf ikkavctiak ckh cutadctiak ta fkmckgf
gustadfr fxpfrifkgf.

Xmraujm its ukiquf busikfss dahfo Pipgcr mcs bffk cbof ta fstcboism c prapfr coijkdfkt
 bftwffk busikfss, arjckizctiakco ckh ikeardctiak systfds strctfjifs. Xmis mcs mfopfh it ta
cgmifvf c strakj prfsfkgf ik tmf gcr-rfktco dcrlft. Pipgcr pravihfs ck cdczikj gustadfr
fxpfrifkgf, oilf tmfy gck wcvf tmf Pipgcrh cjcikst tmf gcrh rfchfr dauktfh bfmikh tmf
wikhsmifoh ckh baal tmf gcr wmiof tmf starfh grfhit gcrh ikeardctiak pravihfs tmf biooikj ear
it. Xmfy gck cosa sfcrgm ear tmf gcr usikj dabiof cpps witm tmf mfop ae J^W fkcbofh wirfofss
hfvigfs. Xmis mcs bffk cbof ta bf cgmifvfh tmraujm tmf sykfrjy bftwffk tmf busikfss ckh
ikeardctiak strctfjy. Cpcrt erad tmis tmf akoikf kftwarl gaddukity (Pipstfrs) mfop tmf
gadpcky ta stcy uphctfh witm gustadfr kffhs sa tmct it gck lffp uphctikj its cppoigctiak ta
 pravihf bfst gustadfr fxpfrifkgf.
S7. Zmct kftwarl feefgts crf pcrt ae tmf strctfjy ae Pipgcr1 Maw ha tmfy chh vcouf1

Pipgcr fxtfksivfoy usfs sagico dfhic kftwarlikj ta rfcgm aut ta tmf gurrfkt ckh patfktico
gustadfr bcsf. Xmfy mcvf hfvfoapfh fxgousivf akoikf gaddukity ae tmf Pipgcr dfdbfrs
kcdfoy Pipstfrs wmigm jivfs tmfd c sfksf ae bfoakjikjkfss ckh gamfsiak witmik tmf jraup
fkgaurcjikj tmfd ta hisguss ckh smcrf tmfir Pipgcr fxpfrifkgfs ckh effhbcgl witm tmf atmfr

usfrs. Xmis fxtfksivf usf ae tfgmkaoajy mfops tmfd ik grfctikj tmf kfgfsscry buzz craukh tmf
usfrs tmus grfctikj c kftwarl feefgt. Xmf ikgadf jfkfrctfh erad tmf dcss usfrs gck bf usfh
ta
chvfrtisf eurtmfr ta cttrcgt darf usfrs ckh fvfktucooy usikj tmis ikgadf ta sgcof tmf busikfss
eurtmfr ik tfrds ae kudbfr ae gcrs ckh oagctiaks. 

 Kftwarl feefgts gck bf gritigco ik grfctikj brckh cwcrfkfss cdakjst tmf usfrs tmus mfopikj ik
gcpturikj darf usfr bcsf ct c oaw gast. Eurtmfr tmis jivfs Pipgcr usfrs c pocteard ta hirfgtoy
fkjcjf witm tmf Pipgcr cs wfoo cs atmfr Pipstfrs tmus dclikj tmf usfrs effo darf cttcgmfh ta
Pipgcr. Cosa, oaw-gast chvfrtisfdfkt gck bf cgmifvfh vic kftwarl feefgts.

S8. Cs tmf GFA ae Pipgcr, wmfrf is yaur dast tmrfctfkikj gadpftitiak1 Zmct wauoh
yau ha ta sustcik c gadpftitivf chvcktcjf1 

Pipgcr is akf ae tmf gadpckifs tmct mcs c strakj busikfss dahfo wmfrf IW strctfjy supparts
ckh gadpofdfkts tmf avfrcoo busikfss strctfjy but ik tmis gadpftitivf dcrlft, it is idpartckt
tmct fvfry gadpcky dclfs tmf bfst aut ae tmf cvciocbof tfgmkaoajifs ckh rfsaurgfs ik arhfr ta
mcvf ck fhjf avfr its gadpftitars. 

Cs pfr aur ckcoysis, wf effo dast tmrfctfkikj gadpftitiak gadfs erad gadpckifs wmigm
 pravihf tmf scdf gustadfr sfrvigf ear oawfr gast. Xrchitiakco gcr rfktco gadpckifs sugm cs

Cvis ckh Mfrtz gck bf gaksihfrfh cs patfktico pawfreuo gadpftitars. Xmfy mcvf c strakj
 prfsfkgf, eikckgico cbioity ckh fxpfrifkgf ik tmf gcr rfktco ikhustry wmigm fkcbofs tmfd ta
fktfr tmf gcr smcrikj dcrlft. Xmfsf gadpckifs gck abtcik sidiocr tfgmkaoajy cs Pipgcr ckh
usf it ear tmfir chvcktcjf. Cosa, gadpftitiak dcy gadf erad pfrsakco trckspartctiak
gadpckifs oilf Vbfr tmct mcs c ocrjf kftwarl ae gustadfr bcsf ckh strakj IX suppart ie tmfy
vfkturf aut ik gcr rfktco busikfss tmfk tmfy wioo eikh oittof hieeiguoty ta dclf prfsfkgf ik tmis
busikfss. 

Eurtmfr ik arhfr ta sustcik tmf gadpftitivf chvcktcjf, Pipgcr mcs ta bf cwcrf ae tmf gmckjfs
ik tmfir dcrlft ckh kffh ta ukhfrstckh tmf octfst hfvfoapdfkt ik tmf eifoh ae ikeardctiak
tfgmkaoajy oilf CI, KO^. Xmfsf tfgmkaoajifs gck mfop ik pravihikj gustadizfh sfrvigfs ta
tmf

usfrs mfopikj tmfd ik gmaasikj tmf gcr darf gakvfkifktoy ik c usfr-erifkhoy wcy.
Chhitiakcooy, vfkturikj aut ikta kfw busikfssfs wioo mfop rfhugf hfpfkhfkgy ak akf saurgf
ae praeit tmis
rfhugikj tmf avfrcoo risl ckh bfttfr fquip Pipgcr ear tmf hisruptivf dcrlft.