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Nature And Purpose Of Business

Question

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Business tries to earn profit for many reasons. Write down any two reasons.

Solution

1. For the survival of the business for a long period.

2. For expansion and growth 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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