Question

Name:
(а) The activities connected with the production are called as.
(b) The activities connected with the distribution of goods produced from the factories to the consumers are called.
(c) Name the better way of classifying business activities.
(d) Industrial unit whose investment in plant and machinery does not exceed ? 5 crores.
(e) During inflation, an entrepreneur need more working capital or less working capital.
(f) Name the type of credit in which credit period of 180 days is extended on purchase of
supplies.

Answer 1

Answer:

Business is the buying, selling & exchange of goods & services for-profit service or motive is commonly known as business. The term business is derived from the word ‘busy’. In a specific sense, business activities refer to any occupation in which people regularly engage in an activity with a view to earning the profit. Let us take a look at the classification of business activities.

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