Advertisements
Advertisements
प्रश्न
Justify the following statement.
Business is part of economic activities.
उत्तर
- Economic activities are those activities which are done with the intention of making money.
- A person has to earn money for his livelihood.
- However, all economic activities are not the same. They can be conducted mainly in three different ways.
(a) Employment
(b) Profession and
(c) Business. - Business is conducted to earn a profit.
- A businessman invests his own capital, takes decisions, and carries out business activities.
- He also takes the risk of carrying business activities.
- Business operations boost the economy by producing products and services, creating jobs, and raising tax money. It boosts economic growth and development.
- Businesses innovate by upgrading products and services to fulfil consumer needs. Competition among firms offers consumers better products and more options at competitive rates.
- Businesses create money for owners and shareholders and contribute to society. Many companies assist community welfare, environmental sustainability, and social causes through corporate social responsibility (CSR), improving society.
- Thus, a businessman is responsible for business activities. The profit earned is enjoyed by a businessman. So business is a part of economic activity.
APPEARS IN
संबंधित प्रश्न
How would you classify business activities?
Select the correct option and rewrite the sentence.
Commerce is a branch of _______
Give one word/phrase/term.
Activities that remove all the difficulties in trade.
Give one word/phrase/term.
An aid to trade which creates time utility.
Give one word/phrase/term.
An occupation by which a person agrees to provide expert services for fees.
Complete the sentence.
Business is an _______ activity.
Complete the sentence.
________ is the person who offers the work.
Complete the sentence.
In ________ trade, goods are purchased and sold in bulk.
Select the correct option.
| Group A | Group B |
| Purchase of goods and services from another country. | _________________ |
Select the correct option.
| Group A | Group B |
| ______________________ | Link between producer and retailer |
Answer in one sentence.
What do you mean by wholesale trade?
Answer in one sentence.
What do you mean by export trade?
Answer in one sentence.
What is trade?
Answer in one sentence.
What is the secondary industry?
Answer in one sentence.
What do you mean by genetic industry?
Correct the underlined word and rewrite the sentence.
Industry creates place utility.
Distinguish between:
Industry and Commerce.
Answer in brief.
Give two types of Foreign Trade.
Justify the following statement.
Retailer is in direct contact with ultimate consumers.
Justify the following statement.
Risk is inevitable in business activities.
