Question
What do you understand by the term business?
✓
Answer
An economic activity which is conducted on regular basis to earn profit through the sale, exchange or transfer of goods and services, is referred as business.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
State the different methods used for pricing.
Name the plan that shows the inflows and utilization of funds.
Anjali Limited had decided to expand its production capacity by modernising its plant and machinery at an estimated cost of ₹ 2 crores. The company doesn't have enough reserves to finance modernisation. Suggest two sources to the company from where they can raise finance.
Give an example of a social entrepreneur.
Define the term 'Business Mentor'.
Give the step-by-step plan for ‘resource mobilisation'.
Why do entrepreneurs need resources?
What is the importance of an Intrapreneur in an organization?
Give common examples of unethical action performed by an enterprise or entrepreneur.
Financial planning is important for a business. Why?