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Nature And Purpose Of Business

Question

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_________ trade refers to buying and selling of goods and services in small quantities.

Solution

Retail

Some More Questions From Nature and Purpose of Business Chapter

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?

How would you classify business activities?

What are various types of industries?

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