Question

Case study Ram, Shyam and Mohan jointly established a business organisation ‘Fairdeal Products’. They dealt in pulses business. Their business was to buy good quality rice from different mills and to sell it under their own brand. The name of their brand was ‘Prabhat’. Their rice was available in the packings of One kg, Two kg and Five kg. Their slogan was ‘High Quality, Reasonable Price’. They were doing their business very honestly. This was the very reason that there was little political interference in their business. They themselves looked after their business activities. There was another rival firm in the market, named ‘Sarkari Store’. It had been set up by the Government. Having been set up by the government, this firm focused its attention a lot on the social responsibilities. On the other hand, ‘Fairdeal Products’ aimed at serving the society by earning a reasonable profit. Day by day its business was growing more and more. It enjoyed a special recognition in its area. Although ‘Sarkari Store’ focused its attention on the social responsibility, its quality and supply system both were inferior. (a) To which business/sector does the business established by the three friends belong? (b) Quoting relevant lines, point out the three characteristics of the business sector identified in the part (a).

Answer 1

Answer:

(a) The business established by the three friends. belong to Food Sector.

(b) friends business quote is high quality reasonable price.

Main characteristics of the food industry sector is ... These characteristically receive raw and intermediate agricultural sector materials, process them, and produce food for human consumption, or semi-processed materials which will in turn serve as raw materials for other processes.

Answer 2

Answer:

Idk........................