Question

Sachin's father had gifted him his old laptop. Sachin wanted a latest laptop with some advanced features on his coming birthday. As the old laptop was not needed by his father, he decided to sell the laptop on OLX.com and then purchased a new one. Sachin sold his laptop and was very delighted to make his first business deal. While making his purchase of new laptop from flipkart.com he read a notice about some relief material being collected for J&K Flood relief work. He informed his friends about the relief material, they formed a team of five students and decided to collect the material from their neighborhood and send for relief work.
1. Can the transaction by Sachin be termed as business transaction? Why or why not, state the relevant feature of business.
2. Identify any two values which according to you motivated Sachin and his friends to contribute in relief work.

Answer 1

1. Sachin's transaction cannot be termed as a business transaction as it is not a continuous process. The feature of business which supports the statement is 'continuity'

2. Values which lead to his contribution to relief work are: Compassion and Leadership.