Advertisements
Advertisements
Question
Explain the following term/concept.
Business
Solution
- Business is one of the economic activities.
- Business is done to earn a profit.
- It is done by individuals organisations.
- The business includes all those activities done for production, processing, and distribution of goods.
- The business has a risk involved.
APPEARS IN
RELATED QUESTIONS
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.
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?
Distinguish between:
Business and Commerce.
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.