Indu brought a readymade dress for Rs. 5000. Her friend like the design of dress very much, so Indu sold the same dress to her friend for Rs. 5500 and made a profit of Rs. 500. This transaction cannot be termed as business due to a special feature. Identify the business feature reflected inthis case study?A.Profit Motive B.RegularBasis C.Risk D.Uncertainty of retu
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(a) No, the transaction between Indu and her friend cannot be termed as business.
(b) Business activity needs to be on a "Regular Basis". The transaction 'a' does not have continuity an hence cannot be termed as a business.
(c) Yes, as it is done on Regular Basis, the sale of dresses on her shop can be called as business.
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