Nature and Purpose of Business
Commerce ⇒ Business Studies
Nature and Purpose of Business starts at 11 and continues till grade 12.
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See sample questions for grade 11
Define business in your own words.
Describe any two social objectives of business.
Distinguish between industry and commerce.
Explain the concept of 'uncertainty of return' in business.
Explain the difference between business, profession, and employment.
Explain the importance of business in modern society.
Explain the role of profit in business.
Explain the term 'business risk'.
List any two non-economic activities.
List any two types of industries with examples.
State any two differences between economic and non-economic activities.
State any two objectives of business other than profit maximization.
What is meant by 'auxiliaries to trade'?
