Question

3. Compare business with profession and enploym
4. Define Industry. Explain various types of industries giving examples.
5. Describe the activities relating to commerce.
6. Explain any five objectives of business.
7. Explain the concept of business risk and its causes.
8. What factors are to be considered while starting a busine​

Answer 1

Answer:

3:business have risk its main objective is to profit. in professional it is individual work like lawyer, doctor etc. The employee which works under some one, the employee work for salary or wages. 4:industries refers to economic activities, which are connected with conversion of resources into useful goods the products are consumer goods as well as producer goods. consumer goods are those goods which are used by the consumer. example:food grains, etc producer goods which are produced by manufactural example machinery, tools, etc. industries are 3 types are primary, secondary, tertiary. 5:Commerce relating activities are trade and auxiliaries to trade. in trade internal and external activities are involved. in internal wholesale, retail. in external import, export and enterpot is involved. and in auxiliaries to trade is transportation, wholesale, insurance, advertising, banking and finance are involved. 6:the objective of business are to earning profit, income, money. regular production or purchase of goods and services for sale, transform and exchange with an objective of earning profit. an economic activity, deals with goods and services, it requires investment, profit earnings, it involves risk and uncertainties of income. 7:risk is the uncertainty associated with an exposure to loss. The risk can be in the form of fire, thief, accident natural calamities etc 8:factor is considered to starting business are a business idea, knowledge or expertise, market or demand, capital and finance, location, planning, etc... I hope it is helpful for you....