Concept of Business
Trending Questions
- No. Business is an economic activity carried by only a few to produce or sell goods and services that satisfy human needs and help in earning income.
- Yes. Business is a non-economic activity carried on by a few or more individuals to produce, sell goods and services that satisfy human needs and help in earning income.
- Yes. Business is an economic activity carried on by a few or more individuals to produce, buy, or sell goods and services that satisfy human needs and help in earning income.
- No. Business is a non-economic activity carried by only a few to produce or sell goods and services that satisfy human needs and help in earning income.
- credit
- profit
- investment
- debt
- False
- True
Why is business considered an economic activity?
Tangible Assets Do Not Include. A) Goodwill B) Furniture C) Stock D) Cash
State the different types of economic activities.
What kind of activity is performed: A property dealer selling real estates to people.
Both A & B
None of the above
Economic activity
Non- economic activity
Sita's mother takes care of the household errands. What kind of activity is she performing?
Non- economic activity
Economic activity
Both of the above
None of the above
- True
- False
Services are invisible activities that can only be experienced.
True
False
What factors are important to be considered while starting a business? Explain.
- profit
- investment
- mortgage
- debt
Compare business with profession and employment.
- Roman
- French
- Greek
- Italian
Raj Pal is a hardworking man, he is putting a lot of efforts in his new startup company. What kind of economic activity is he following?
Profession
Employment
Business
None of the above
- Product planning
- Product innovation
- Product value
- Product launch
- Tax Funding
- Tax Planning
- Tax Laws
- Tax Savings
- Teaching
- Sentiment
- Sympathy
- Patriotism
- Productivity
- Assets
- Investment
- Debt
- True
- False
Why is business considered an economic activity?
- Fishing
- Banking
- Agriculture
- Arnav helping his brother with his assignments
(1) Do you think unique enterprise is effective or efficient?
(2) Was their decision to hire adhoc workers to achieve the target, correct?
(3) Explain the concept of management highlighted above.
We have the pleasure ________ you that your book has been awarded the first prize.
- in informing
- of informing
- on informing
- informing
- A Science
- An art
- A practice
- All of above Miscellaneous