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Nature And Purpose Of Business

Question

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Which of the following is not included in genetic industry?
Rearing of plants in nursery
Mining
Rearing of cattle
Poultry farming

Solution

B.

Mining

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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