state atrue or false7) Profit leads to increase in overall efficiency of the organization.
8) Plant nursery is an example of extractive industry.
9) Industry creates form utility.
10) Retailer is the link between manufacturer and wholesalers.
Answers
Explanation:
7) True
8) False
9) True
10) False
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Answer:
7. True, the efficiency of any organization is enhanced by the profit gained.
8. The statement, plant nursery come under extractive industry false.
9. The statement is true, industry creates form utility.
10. The given statement is false. Wholesaler acts as the link between manufacturer and retailer.
Explanation:
7. Efficiency and profit are directly proportional, i.e. when profit increases, the efficiency will also increase and vice-versa.
8. Extractive industries are the industries that dig out raw materials and process it for further utilization but plant nurseries are where the plants are propagated with care and grown.
9. The value of finished product or final product manufactured or produced by the industry felt by the customer after usage is known as form utility.
10. Wholesaler gets the finished goods from the manufacturers on the basis of the negotiated deal and they either distribute it among the retailers for some percentage increase in price or they act the end-seller.