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Nature And Purpose Of Business

Question

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Which type of the industry is Timber from forest?

Solution

Extractive

Some More Questions From Nature and Purpose of Business Chapter

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?

What is business risk. What is its nature?

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