Nature And Purpose Of Business

Question

Name the functions of business.

Solution

There are four fundamental function that are performed by business enterprises to carry on business.
They are:
(i) Financing
(ii) Production
(iii) Marketing and
(iv) Human Resource Management

Tips: -

Some More Questions From Nature and Purpose of Business Chapter

Define internal trade.

Define External Trade.

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Nature And Purpose Of Business

Name the functions of business.

Some More Questions From Nature and Purpose of Business Chapter

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?

What is business risk. What is its nature?

How would you classify business activities?

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