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Nature and Purpose of Business
Question
Wired Faculty App

Which of the following does not characterise business activity?
  • Production of goods and services
  • Presence of risk
  • Sale or exchange of goods and services
  • Salary or wages.

Answer

D.

Salary or wages.

Sponsor Area

Some More Questions From Nature and Purpose of Business Chapter

Define 'Commerce'.

Define trade.

Define internal trade.

Define External Trade.

Define risk.

Name the functions of business.

How is business an economic activity?

Explain how industry, trade and commerce are related.

What is the role of profit in business?

How auxiliaries to trade help in removing hindrance?