Question

Q1) Name
a) The trade in which goods are bought in relatively small quantities, to be sold to the ultimate consumers.
b) The industries which provide support services to primary and secondary industries.
Q2) Define Business'
03) Name the organisation in which a minor can become a full fledged member of the business. Also, state
why? (1)​

Answer 1

Answer (1)

(a) The trade in which goods are bought in relatively small quantity to sold to ultimate consumer is called Retail trade

(b) The industry which provide support services to primary and secondary industries is Teritary industry

(c) Business refers to the production and distribution of goods and services for the purpose to earn Profit .

(d) HUF - Hindu undivided family ,also called Joint hindu Family is the only organisation where the Minor can become the partner because it is written in the Family Act that , A person whether boy or girl can become the member by birth , Hence it means minor can become the partner .

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