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प्रश्न
Distinguish between:
Business and Commerce.
उत्तर
| Sr. no. | Points | Business | Commerce |
| 1. | Meaning: | It is an economic activity engaged in producing and distributing goods and services. | Commerce takes Care of the distribution of goods and services. |
| 2. | Concept: | Business is a wider term than Commerce. | Commerce is a narrower term than business. |
| 3. | Part of: | Business is a part of economic activity. | Commerce is a part of the business. |
| 4. | Skill: | Industries require more technical, managerial and marketing skills. | Commerce mainly requires managerial and marketing skills. |
| 5. | Classifications: | Business is classified into two parts: industry and Commerce. | Commerce is divided into two parts: trade and auxiliaries to trade. |
| 6. | Capital: | It requires large capital. | It requires limited capital. |
| 7. | Investment: | Heavy investment is required. | Less investment is required. |
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संबंधित प्रश्न
Match the pairs:
| Group ‘ A’ | Group ‘ B’ |
| A) Helping disabled person | 1) Social objective |
| 2) Genetic Industry | 2) Foreign Trade |
| C) Local currency | 3) Sericulture |
| D) Solve social problems | 4) Non-economic activity |
| 5) Internal Trade | |
| 6) Mining | |
| 7) Profit | |
| 8) Economic activity |
Correct the underlined word and rewrite the sentence.
Barter exchange is an exchange with money
Correct the underlined word and rewrite the sentence.
Commerce represents supply side of market.
Explain the following term/concept.
Business
Study the following case/situation and express your opinion.
Jaysukh oil mills produce refined oil. The entire production is purchased by Rupesh Oil Depot, Who in turn sells it to various retailers. Mrs. Prachi purchased 2kg oil from Balaji Groceries. Identify:
- Wholesaler
- Retailer
- Consumer
Study the follow ing case/situation and express your opinion.
Mr. Pranav is a tin manufacturer in India. Mr. Jack of England sells goods to M/s Frank Corporation in North America and Mr. Williams of USA buys various goods from Brazil.
- Who is the importer?
- Who is the manufacturer?
- Who is the exporter?
Answer in brief.
State any four features of business.
Attempt the following.
What do you mean by commerce?
Attempt the following.
What is the meaning of export trade?
Attempt the following.
Define business. Explain its features.
