Question

33. Raj and Simran are childhood friends. After completing their education they choose to pursue businesses
of different nature. Raj has decided to set up a travel agency whereas Simran plans to establish a small
manufacturing unit to produce paper made handicraft items.
In context of the above case:
(a) Identify the basic nature of the market offerings that both Raj and Simran plan to create through their
respective business
(b) Give any four difference between the concepts identified in part (a) of the question.
(6)

Answer 1

Explanation:

Identify the basic nature of the market offerings that both Raj and Simran plan to create through their

respective business

Answer 2

Answer:

(a) Nature of market offer by Raj is service whereas simram market offering is a product.