Question

i want a rap on first chaper of business studies class 11 ,nature and purpose of business

Answer 1

Explanation:

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Business, trade and commerce is a chapter that briefly explains the meaning of these terms. Topics to be revised are – Economic activities, types of economic activities, non -economic activities, concept of business, characteristics of business activities, sale or exchange of goods and services, profit earning, comparison of business, profession and employment, classification of business activities – Industry, primary industry, secondary industry, meaning of trade, types of trade – Internal trade and External trade, aids or auxiliaries to trade, objectives of business, business risk, nature of business risk, causes of business risk.

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Answer 2

Answer:

Business is an economic activity and therefore, its purpose is to show economic results. The economic objectives of business are follows: (i)Earning profit: Profit means excess of income over the expenditure. The foremost and prime objective of every businessman is to earn profit.

It is the purpose of business to provide the economy and the society with the goods and services it requires. All economic, commercial and trading activities are parts of a business.