Question

‘Rajiv wants to start a wholesale business of readymade garments, but he is hesitating as it involves

various problems such as searching for customers, for moving goods from place of production to market,

informing customers about new designs and varieties added every season, threat of risk loss by fire or

accident, storing the excess stock of goods, etc. He approaches his friend Sandeep who explained him about

some branches of commerce, which can help Rajiv to overcome his hesitation.

(a) State the type of business Rajiv is planning to start.

(b) State which dimension of business can help Rajiv to overcome these hindrances.

(c) Specify different types of Auxiliaries to trade which can help Rajiv to overcome his problems. Quote the

line for each type from above para.​

Answer 1

Answer:

(a) Rajiv is planning to start a Trade, more specifically a Whole sale Trade.

(b) Commerce will help Rajiv to overcome the hindrances faced by him in his business.

(c) (i) "Searching for Customers" - Trade

(ii) "Moving goods" - Transportation

(iii) "Informing customers about new designs and varieties" - Advertisement

(iv) Threat of Risk" - Insurance

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Answer 2

Answer:

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