Deepak enterprises ltd. has been earning high profits over the years. As a
result, its owner Mr. Deepak is leading a good standard of life. Moreover he
plans to open a new branch office in a few months.
In context of the above case:
Identify the different points highlighting the role of profit in business being
discussed in the above paragraph.
Earning profit is not the only objective of business. Do you agree with the
statement? Justify your answer.
Answers
Answer:
Armaan is very fond of playing indoor games, herequested his father to buy him some indoorgames. His father sold his old laptop on OLX.com and bought him a new play station fromCromaelectronix.com.
Can the transaction by Armaan’s father to sell the laptop be termed as a business
transaction? Name the related feature of business to support your answer.
Solution:
No, the transaction by Armaan’s father cannot be termed as business transaction.
The related feature of business is dealing in goods and services on regular basis.2.
GMR Industries entered the airports space in early 2000s and is today counted amongst thetop 5 airport private airport developer and operators globally. GMR Industries presently ownsand operates Delhi International Airport and Hyderabad International Airports. Apart frombeing the largest private airport company in India, GMR Industries is the only Indian airportdeveloper to have developer to have developed and operated airports outside India.Identify the types of industry and its category being discussed in above case.
Solution:
GMR Industries is a secon
dary industry, it’s category is construction industry.
3.
Shiela after graduating from college went back to her home town in Meghalaya. It was smalltown with very few job opportunities. The karbi tribal women in that area were uneducatedbut still practiced the method of obtaining traditional colours from natural wild herbs. Theirmost popular dye was indigo obtained from the lea
ve called ‘sibu’. Using these colours they
added variety to their textiles. The women were mainly confined to their homes and they didnot know how to make a living out their talent. Shiela went from door to door and analyzedthe problem that existed. She thought of setting up the business of buying textiles from themand converting them to suits in her factory in Noida