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Nature And Purpose Of Business

Question

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Which of the following is not auxiliary to trade?
Transport
Insurance
Mining
Warehousing

Solution

C.

Mining

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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