Mr. Shenoy wanted to start business of supplying readymade garments. But he was wondering
about how much profit he would be able to earn. This situation reflects which characteristic of
business?
a) Economic activity
b) Profit earning
c) Uncertainty of return
d) Element of risk
Answers
Answered by
4
Answer:
uncertainty of return
Explanation:
because they are asking about characteristics and uncertainty of return means that there is no guarantee how much you can earn
Answered by
1
This situation reflex uncertainty of return characteristic of the business.
- When an entrepreneur takes financial or other forms of risk, one of the biggest risks is that will his business organisation would give him the fruitful returns that he is expecting. A business firm is based on uncertainty because no one has ever seen the future.
- A person should be dedicated, hard-working and believe that his business would do great and should be confident about it.
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