Q.5 Answer in brief.
1) State any four features of profession
2) State any two types of industries
3) Give two types of Foreign Trade
4) State any four Auxiliaries to Trade
5) State any four features of employment
6) Write any four objectives of business
7) State any four features of business
8) State any two types of primary industry.
Answers
Answer:
1) Great responsibility. ...
Accountability. ...
Based on specialized, theoretical knowledge. ...
Institutional preparation. ...
Autonomy. ...
Clients rather than customers. ...
Direct working relationships. ...
Ethical constraints
2)These are primary, secondary, tertiary and quaternary. Primary industry involves getting raw materials e.g. mining, farming and fishing. Secondary industry involves manufacturing e.g. making cars and steel. Tertiary industries provide a service e.g. teaching and nursing.
3) Bilateral trade: This is a trade agreement in which two countries exchange goods and services.
Multilateral trade: This is the type of international trade where a country trade with two or more countries.
4)Transport and Communication. ...
Banking and Finance. ...
Warehousing. ...
Insurance. ...
5)Parties involved. ...
Job information. ...
Benefits and compensation. ...
Employee classification. ...
6)1] Profit Earning. ...
2] Market Share / Creation of Customers. ...
3] Innovation & Utilization of Resources. ...
4] Increasing Productivity. ...
7)Buying and Selling: ...
Continuous process: ...
Profit Motive: ...
Risk and Uncertainties:
8)Primary industries are those that harvest or extract raw material from nature, such as agriculture, oil and gas extraction, logging and forestry, mining, fishing, and trapping.
Answer:
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