Question

Q.1 Ram, a young man, wants to provide employment to the local people of his village. He decided to do the wholesale business of mobile phones made by the latest technique. But so many questions began to crop up in his mind: how will the goods be brought from distant places, how will the finance be arranged, and how will the information on his modern business be conveyed to the people? He consulted a business expert, Rahim who gave him information on the auxiliaries to trade, which could solve his problem. Ram understood what the expert told him. He employed 50 workers and started his business. (a) Which business activity is Ram going to do? (b) On which part of business was the information given to Ram by the business expert? (c) If we add the answer of (a) to the answer of (b) which part of business shall we have? (d) Explain the auxiliaries to trade which may solve the problem of Ram, as suggested by the business.

Answer 1

Answer:

(a):- business of mobile phones.

(b):- on the auxiliaries to trade.

(c):- trading part of business.

(d):- Auxiliaries to trade are those activities which facilitate the business like Transport, banking, insurance,warehousing and advertising .