Question

5. Business involves "only sale and
exchange of goods for profit". Do you agree
with this?​

Answer 1

Answer:-

It's Simple

No I don't Agree with this given statement, business does not involve only sale and exchange of goods and services for profit. The sale, purchase or exchange must be on regular basis. Business should have a continuity in the process. If a person sells his old computer at profit, it does not constitute business. the the motive of business is always to earn profit as well as to work for social welfare,sell their goods at fair price.

Need to Understand

Answer 2

Explanation

No,the given statement is not correct..

Reason:- Business involves dealings in goods and services on a regular or daily basis.One single transaction of sale or purchase does not constitute business.For example, sale of old newspaper by a housewife or the sale of one's old scooter (even at a profit) is not business though the seller gets money in exchange.............................