Question

Rajat a businessman dealing in furniture items sold , table Rs.15,000 at the same price. Which characteristic of business is not followed by Rajat ?​

Answer 1

Answer:

I think profit motive , buying and selling, creative and dynamic. these characteristics are not followed by rajat. because he sold his item at a same price so if he sold at same price so he cannot gain the profit, and he also don't have knowledge of how to sold the goods.

Answer 2

Rajat is not following the characterstic of profit motive.

• Profit is the measure of a business success or failure. It is the gap between the company's sales and expenditures. Profit acts as an impetus behind all business activities.
• A company's primary aim is to get the highest income possible through the manufacture and selling of goods and services. It reflects a return on investment.
• As Rajat is manufacturing and selling at the same price ie  15,000, this means there is no profit motive but just an  economic activity.