Question

Rajagopalan is running a take away fast food joint in Assam under the name ‘Taste of Assam’. Recently, when his cousin Devidayal organised a party at his place he had placed an order for food at ‘Taste of Assam’ worth ` 7,500. However, Rajagopalan decided not to take the money from Devidayal because of his love and affection for him.(i) Will this activity related to the supply of food from Rajagopalan’s restaurant to Devidayal be classified as a business activity? Why or why not?(ii) State the feature of business reflected above.​

Answer 1

Answer:

1. no it won't be classified under business activity as he is giving it for free , with no any intention of profit earning , it is just for love affection towards customer

2. The features of business reflected above arre :-

Answer 2

(i) No, this activity related to the supply of food from Rajagopalan’s restaurant to Devidayal will not be classified as a business activity.

(ii) Exchange and Social activity feature of Business is reflected in business above.

• This activity of supply of food from Rajagopalan’s restaurant to Devidayal will not be classified as a business activity because here there is no scope of profit in exchanging goods and services with the other client.
• Rajagopalan’s decides not to take any money from Devidayal because he is his cousin and it was out of love and affection that he gave out his food from the restaurant for free.

• The features of business that are reflected in the business between Rajagopalan’s and Devidayal are - Exchange of good for strategic marketing since many people are going to come to Devidayal's party hence it free marketing of Rajagopalan’s Food. Also it is a social activity to give away food for free.

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