Question

8) Return in business is called.......
a) fees b) salary
c) profit
9) A business unit depends upon ...........for selling its output.
a) industry b) society
c) employees
10) Warehousing creates........... utility in goods.
c) form
a) place b) time-​

Answer 1

Explanation:

8.) b. salary

9.)c. employees

10.)a. place

Answer 2

8) Return in business is called Profits.

• Profits are the return which a businessman receives when he sells his goods or services in the market.

9) A business unit depends upon society for selling its output.

• Businesses exist and operate in society. The people of the society get employed in businesses and the businesses sell their goods or services in the society.

10) Warehousing creates time utility.

• Warehousing goods can create time utility by shortening the gap between the demand and supply for a particular good in the market.