Question

9. Reema bought a new house recently. She plans to shift there in a week's
time. Therefore, she has sold off her old kitchen appliances on OLX. She
made some profit in the process. In the context of the above case-
a. Will this transaction be constituted as business activity?
b. Explain why or why not by referring to a characteristic of business
activities?
c Mention the other characteristics of business.​

Answer 1

Answer:

Reema bought a new house recently. She plans to shift there in a week's

time. Therefore, she has sold off her old kitchen appliances on OLX. She

made some profit in the process. In the context of the above case-

a. Will this transaction be constituted as business activity?

b. Explain why or why not by referring to a characteristic of business

activities?

c Mention the other characteristics of business.