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Nature And Purpose Of Business

Question

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Which is the economic objective of business?
Social and mental satisfaction of workers
Running charitable dispensaries
Regular innovation
Economic welfare of workers

Solution

C.

Regular innovation

Some More Questions From Nature and Purpose of Business Chapter

Define economic and non-economic activities.

Write any three features of profession.

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.

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