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 12
A business firm is planning to expand its operations internationally. What type of trade will it be engaged in?
Define business. How is it different from profession and employment?
Distinguish between industry and commerce.
Explain the concept of 'economic activities' with examples.
Explain the concept of 'social objectives' of business.
Explain the difference between economic and non-economic activities with examples.
Explain the meaning of 'business risk' and its types.
Explain the role of innovation in business.
Explain the role of profit in business.
Explain the term 'auxiliaries to trade' with examples.
List any three objectives of business other than earning profit.
Name any two auxiliaries to trade.
State any two causes of business risks.
State any two differences between business and profession.
State any two ways to minimize business risks.
What is meant by 'trade'?
