Short Answer Questions
1.Define Business
2.Name the economic objectives of business
3.A person sells his scooter at a profit, will it be considered as business? Explain the charateristic of business which is being stressed upon.
4.Give three main reasons for earning profit.
5.State the social objectives of business.
Long Answer Questions
- What do you understand by business? Explain the characteristics of business.
- Discuss the various objectives of business.
- Why is business regarded as an economic activity? Explain.
- Profit cannot be the sole objective of a business firm.Explain
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