Question

Write any three features of profession.

Solution

1) Profession refers to an occupation which is concerned with rendering service.

2) It requires specialized knowledge. It requires long and intensive academic, preparation and training.

3) Profession is regulated by laws.

Some More Questions From Nature and Purpose of Business Chapter

Define risk.

Name the functions of business.

How is business an economic activity?

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Nature And Purpose Of Business

Write any three features of profession.

Some More Questions From Nature and Purpose of Business Chapter

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?

What is business risk. What is its nature?

How would you classify business activities?

What are various types of industries?

Explain any two business activities which are auxiliaries to trade.

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