Question

1. The basic objective of a ..................... is to meet the economic, social, and cultural needs of its members.

2. A ..................... business is a mixed type of business.

3. A business that provide products which do not have a physical form is called .................... business

4. ........................... price is the price of goods or products when they are sold to customers for consumption, and not for resale.

5. Merchandising business is also known as ....................... or business.

(Fill in the blanks)​

Answer 1

The correct answers in the given fill in the blanks are:-

1. The basic objective of a business is to meet the economic, social, and cultural needs of its members.

2. A mixed business is a mixed type of business.

3. A business that provides products that do not have a physical form is called a service business.

4.  Retail price is the price of goods or products when they are sold to customers for consumption, and not for resale.

5. Merchandising business is also known as merchandise or business.

Answer 2

Answer:

1 . cooperative

2. Hybrid

3. Service

4. Retail

5. Buy and sell or Trading