Question

Which of the following statements does not comprise business activity?(a) Sale of old furniture by a household for a profit(b) A carpenter made furniture for his domestic use(c) Steel furniture industry(d) Domestic appliances industry

Answer 1

i think should choose B:  (b) A carpenter made furniture for his domestic use

Answer 2

Both (A) Sale of old furniture by a household for a profit and (B) carpenter-made furniture for his domestic use does not comprise business activity.

• The sale of old furniture is not a daily activity and will not continue for a long period of time. it is a one-time thing done to get some money which was lying down somewhere in the house which was blocking space as well thus was sold to earn some money as well.

• A carpenter made furniture for his own house. It was made for his personal use and not with the purpose of earning money. Had it been ordered by someone or the carpenter made the product to sell in the market then it would be a business activity.