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Nature And Purpose Of Business

Question

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Which of the following is non-insurable risk?
Measurable risks
Fluctuations in the price of goods
Insurable interest
Risks which can be estimates

Solution

B.

Fluctuations in the price of goods

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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