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Nature And Purpose Of Business

Question

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Which is the national objective of business?
Generating employment
Promoting social justice
Creating customers
Giving donations to schools and colleges

Solution

B.

Promoting social justice

Some More Questions From Nature and Purpose of Business Chapter

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.

State the different types of economic activities.

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