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Nature And Purpose Of Business

Question

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Give any two types of business risks.

Solution

(i) Insurable risks,
(ii) Non-insurable risks.

Some More Questions From Nature and Purpose of Business Chapter

Explain the concept of business.

Define the term 'industry'.

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.

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