Question

Mr. Govind is going for Foreign Assignment for a period of three years. He sold all his

furniture & earned money more than he had spent to purchase the same. Will it be considered as a

business? Also write the features of business which is being stress ed upon in the above said

example.​

Answer 1

Answer:

yes it is a profitable business

Answer 2

Answer:

Explanation:

The following is a Class 11 question of Commerce that delves into business studies.

In the said example, although Mr. Govind earned a profit after selling his household furniture yet it cannot be said to be a business because he was under a compulsion to sell them.

Any business cannot be a compulsion for a person because it is with the sole motive of earning some profit.

Even if Mr. Govind didn't make a profit, he would have sold the furniture.