Question:
Explain any two business activities which are auxiliaries to trade.
Answer:
Two business activities which are auxiliary to trade are explained below:
- Transportation and Communication: The production of goods takes place at one place whereas these are demanded in different parts of the country. The obstacle of place is removed by the transport. Along with transport, communication is also an important service. It helps in exchange of information between producers, consumers and traders. The common communication services are postal service, telephone, fax, internet etc.
- Banking and Finance: Business needs funds for acquiring assets, purchasing raw materials and meeting other expenses. Necessary funds can be obtained from a bank. Finance is the life blood of any business. We cannot think of any business which does not need finance and providing finance to other businesses become another business. Finance is also required for consumption purposes.
Nature and Purpose of Business
Q 1.
Explain political and legal causes of business risks.
Q 2.
Explain the concept of business.
Q 3.
Can profits be the sole objective of a business? Justify your answer by giving suitable reasons.
Q 4.
What are the functions of commerce?
Q 5.
Define Profession. Discuss its salient features.
Q 6.
"No business is risk free."Do you agree? Justify your answer, mentioning the nature and causes of business risk.
Q 7.
What is business risk? What is its nature?
Q 8.
What are various types of industries?
Q 9.
Explain any two business activities which are auxiliaries to trade.
Q 10.
If you need , to start doing an economic activity to earn livelihood for your family, which one would you like and why?
Q 11.
State the different types of economic activities.
Q 12.
Why is business considered an economic activity?
Q 13.
Explain the characteristics of business.
Q 14.
Explain with examples the various types of industries.
Q 15.
How would you classify business activities?
Q 16.
If one starts a business, which objective will be of utmost importance to you and why?
Q 17.
Define commerce. Discuss its importance in the business world.
Q 18.
What is the role of profit in business?
Q 19.
Compare business with profession and employment.
Q 20.
Why does business need multiple objectives? Explain any five such objectives.
Q 21.
Explain the concept of business risk and its causes.
Q 22.
What are the hindrances in the commerce? Which agencies are used to remove these hindrances?
Q 23.
What factors are important to be considered while starting a business? Explain.
Q 24.
Distinguish between industry, trade and commerce.
Q 25.
Describe the activities relating to commerce.
Q 26.
Compare business with profession and employment.
Q 27.
Distinguish between industry, trade and commerce.
Q 28.
"Risk is the element which makes the business different from other economic activities."Do you agree? Justify your answer.
Q 29.
Explain the economic and social objectives of the business.
Q 30.
"Economic and non-economic activities don't substitute, but complementary to each other."Do you agree? Explain.
Q 31.
What are the functions of commerce?
Q 32.
"Earning of profits is the main objective of a business and other objectives are there to aid it only."Do you agree? Justify your answer.
Q 33.
Differentiate between economic and non-economic activities.
Q 34.
Differentiate between insurable risks and non-insurable risks.
