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Nature And Purpose Of Business

Question

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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.

Solution

D.

Salary or wages.

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?

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