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Nature And Purpose Of Business

Question

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Which is the human objective of business?
Development of human resources
Earning profit
Optimum use of resources
Creating customers

Solution

A.

Development of human resources

Some More Questions From Nature and Purpose of Business Chapter

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?

What are various types of industries?

Explain any two business activities which are auxiliaries to trade.

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