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Nature And Purpose Of Business

Question

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_________ refer to buying of goods from a foreign country.
Entrepot
Export
Import
Domestic Trade

Solution

C.

Import

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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