Question

B. Fill in the blanks:- 1. A _________________ business is a mixed type of business. 2. ____________________________ is the price of the goods that are sold in bulk or large quantities to a businessman or a trader. 3. Write P- Product, S- Service and H- Hybrid for the following businesses: (a) Ice-cream seller: ___________ (b) Restaurant/Cafeteria Owner: __________ (c) Car-driving School owner: ___________ 4. State the type of business — product, service or hybrid : (a) Arun bakery, which makes and sells bread to people. _________________ (b) Ram’s repair shop, which repairs motorcycle. __________________ (c) Hari’s hair-salon, where he cuts hair for women and men. _______________ 5. State whether the person engaged in the activity mentioned below is an Entrepreneur or an Employee (a) Rahul starts a shop to sell Chaat and special Paani Puri. He is an ______________________ (b) Shahid becomes the manager of a dealership selling food products. He is an ______________________ (c) Ritu leaves the company she worked for and starts catering food for marriage programmes. She is an _________________.

Answer 1

Answer:

1. combination

2. Retail

3.(a) P

(b) S

(c) H [ not sure ]

4.(a) Product

(b) Service

(c) Service

5.(a) Entrepreneur

(b) Entrepreneur

(c) Employee