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Nature And Purpose Of Business

Question

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Name the service which helps in removing hindrance of time.

Solution

Warehousing

Some More Questions From Nature and Purpose of Business Chapter

Define the term 'industry'.

Define 'Commerce'.

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?

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